The Blockchain Is Being Used To Track Food Quality

The Blockchain Is Being Used To Track Food Quality
Food & Beverage

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

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.

+blockchain
+cryptocurrency
+Food
+Food safety
+retail
+startups
+technology

Learn About Our Membership Services

Need Research Help?
As a member you can ask us any research questions and get complimentary research assistance with a 4-day turnaround. Reports inclde stats, quotes, and best-inclass examples on research topics.
Remain Informed & Strategic
We publish several trends reports each month. By becoming a member you will have access to over 100 existing reports, plus a growing catalog of deep topical analysis and debrief-style reports so you always remain in the know.
See Trends Come To Life
Meet your peers and immerse yourself in monthly trend and innovation webinars and discounted conferences.
No search results found.