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Seoul announced this week that a joint partnership between the Ministry of Science and ICT and the Ministry of Agriculture, Food and Rural Affairs implemented blockchain technology to monitor beef along supply and supply chain flows.
Yonhap reports that "the test phase of the program is scheduled for December and the official launch of the system is scheduled for January 2019."
The ministries intend to distribute the technology of the digital ledger in order to "trace the meat through the supply chain to provide consumers with information about the source of their food". Blockchain technology as a means of strengthening accountability and transparency along the supply chain is one of the most common uses of software.
In August, the South Korean government announced that it would allocate $ 4.4 billion in its 2019 budget to go to eight critical sectors including blockchain, big data and artificial intelligence, "CNN said.
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"The government will focus on promoting big data and AI, developing blockchain technology to ensure the security of data management and increase the sharing economy," according to a South Korean government statement.
In August, the largest cereal exporter in Australia, the CBH group, collaborated with a local startup to use blockchain technology to track shipments of oats. And this month, French supermarket Carrefour announced the intention to use the blockchain to track poultry shipments.
