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Australia National Transport Insurance (NTI) has announced it will test a blockchain system to improve the integrity of the supply chain for beef exports abroad. The process was reported by the local magazine of the Fully Loaded ATN transport sector on 10 December.
Reportedly, NTI will collaborate with BeefLedger, a "proven security and payments integrated blockchain security platform," which combines blockchain technology with the Internet of Things (IoT) to strengthen product credentials throughout the supply chain.
The NTI and Beefledger pilot will use the system to track the origin and production of Australian beef exports to Shanghai, from breeding in the Limestone Coast of South Australia to a Casino processing plant in New South Wales and China . As reported by ATN, Australia is the third largest meat exporter in the world, with around 45,000 cattle producers making up the backbone of the sector.
It is expected that the use of the blockchain to provide an immutable record of the provenance, safety and integrity of beef products reinforces the trust of suppliers, exporters and consumers. BeefLedger president Warwick Powell explained the choice of the Australia-China route for the blockchain pilot, noting that in the context of the growing demand for beef imports, there is an "increased risk of fakes and poor standards of safety." He noted that:
"Research shows us that ethical standards and concerns about animal welfare, together with authenticity and proof of the origin of the product, are among the main priorities for Chinese consumers and it is also what is guiding consumers' interest in Australian products ".
As reported previously, the IBM technology giant has collaborated with major Walmart, United States retailer, for the development of the "The Food Trust" blockchain, which aims to track the origin of food at a global level and allows companies to easily identify problems related to food recalls, such as tracing contamination more quickly for limit the risk of the customer.
This summer, the government of the state of Kerala, in the south of India, announced that it would start to use the blockchain for the supply and distribution of food, also in combination with IoT technology.
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