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The Blockchain Is Being Used To Track Food Quality

The Blockchain Is Being Used To Track Food Quality
Food

A new startup tracks a food product as it is processed to ensure it remains at the highest quality on its way to consumers

Zack Palm
  • 31 july 2017

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.

Ambrosus


Lead Image: Clem Onojeghuo | Unsplash

+Ambrosus
+blockchain
+cryptocurrency
+Food
+Food safety
+initial coin offering
+retail
+startups
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