The Blockchain Is Being Used To Track Food Quality
A new startup tracks a food product as it is processed to ensure it remains at the highest quality on its way to consumers
Tech startup Ambrosus announced its release of an Initial Coin Offering (ICO), a variety of cryptocurrency used for crowdfunding, for the public to invest in its blockchain system designed to track food from farm to consumer. The blockchain program would follow a food product throughout the supply chain, ensuring quality and safety while it is processed.
With this program in place, Ambrosus would have the ability to verify a food’s origins and give suppliers the chance to authenticate the quality of their products to their customers. The startup launches with the assistance of Gavin Wood, co-founder of Ethereum, an open software system that runs smart contracts based on blockchain technology.
The ICO will begin in September.