Ant Financial Is Launching a Blockchain Program to Tackle Food Fraud

“Consumers are going to be able to access production and logistics information including where the rice has been chosen, which kind of seed has been used, and other details associated with the harvesting, packaging and transport of their rice” the company said in the statement.
Rice sacks picture via Shutterstock
The purpose is to produce a ledger that has information that is unique for each rice package that any data discrepancy using the products can be readily spotted.
Announced Tuesday, the company has partnered together with the municipal government of the Chinese community of Wuchang to set up a consortium blockchain.
In April, Alibaba declared it was trialing a different supply chain app in order to stop food fraud. That project is being carried out in partnership with New Zealand dairy product maker Fonterra and Australian health care company Blockmores.

Beginning from Sept. 30, each package of”Wu Chang rice” offered by flagship shops on Alibaba’s Tmall e-commerce system will display a QR code that clients can scan using Alipay to obtain details about the food’s source.

Ant Financial, a obligations affiliate of e-commerce giant Alibaba, is poised to start its very own blockchain-as-a-service platform next month, alongside a rice-tracking application intended to handle fake products.

Ant Financial stated it hopes to launch its own stage opening up its advancement tools for enterprises.
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Located in China’s northeastern Heilongjiang province, Wuchang is famous for its quality of a specific kind of rice. Over the previous decades , news reports have revealed that packages were sometimes mixed with rice of quality.

Published at Tue, 28 Aug 2018 11:00:39 +0000