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Content:

• Toray and Soramitsu to Trial Jointly Developed Blockchain-Based Traceability System
• 8 Indian Blockchain Startups To Watch Out For
• We apologize for the inconvenience...
• Blockchain solutions
• 10 Best Blockchain Startups In India To Watch Out For In 2021
• The Future of Blockchain in Media and Entertainment
• Opportunities and limitations of public blockchain-based supply chain traceability

WATCH RELATED VIDEO: How does a blockchain work - Simply Explained

Toray and Soramitsu to Trial Jointly Developed Blockchain-Based Traceability System

Blockchain advocates say it can help us figure out almost instantly which shipment, processing plant and field our food came from.

A blockchain is a distributed database that links blocks of data and is operated by a network of anonymous peers. These blocks are timestamped and stored in a linear and chronological order. Each block contains a set of data, a timestamp and a hash of the previous block. A two-step validation process consists of validating the data inside the block, then all peers agree on the previous validated data. You probably had been living in a world where the very stable UNIX OS and Oracle or IBM databases were the main underlying system technologies, and real-time operating systems with deterministic networks were the norm for process control.

At that time, Windows 3. Blockchain is like one of those underlying technologies. But should you jump on the bandwagon now? Just how integrated is blockchain technology with applications? Is one blockchain compatible with another? Is it secure?

Should you wait until the dust settles out? Originally, blockchain technology applied to the food and beverage supply chain got its send-off with IBM and Walmart working together to improve track and trace capabilities.

In a famous test, doing a traceback with a conventional system took almost seven days, reduced to a couple of seconds using IBM blockchain technology. From the responses I received, not all suppliers are sold on committing to a blockchain-only solution, but have given users the option to connect to blockchains externally or take advantage of integrated blockchain technology if they desire. With blockchain, raw material producers and product manufacturers can prove the origin and quality of their products, while all supply chain logistics vendors and retailers can be certain of the products they handle and deliver to customers or consumers.

The author has 15 years experience in building trading systems and exchange backbones for the financial industry. They include food safety and recalls, food fraud, regulatory compliance, social issues, sustainability and consumer information. Meanwhile, NIST has been working on securing blockchain systems from digital threats and on a set of standards to define how blockchain technologies should work in manufacturing.

When it comes to the food and beverage industry, DLT can assist with providing a decentralized platform that allows vendors and consumers literally to track their products from farm to table, and ensure the quality and safety of their food, says Kris Sibley, director of sales for food, beverage and agriculture solutions for Chetu, a custom software solutions and IT services provider.

DLT involves the integration of technology at every level of production that provides traceable, time-stamped records of the movement of goods, and would drastically improve food recall processes should an issue occur. In November , CAT Squared became the first MES provider in the food industry to become an onboarding partner for IBM Food Trust, a blockchain-enabled global network of food chain participants that securely connect supply chain data across the ecosystem with trust and transparency, says Kathy Barbeire, CAT Squared marketing manager.

ERP, track and trace, and blockchain. ERP systems—especially those in the food industry—have long been known for traceability, even before the emergence of blockchain technology. Though not an ERP system, TraceGains is capable of tracking any food product from field to retailer in a matter of seconds. Is it based on blockchain? Due to increasing consumer demand, ERP software will need to be integrated to blockchain to access supply chain data and develop an electronic system of record for any company, says Joe Scioscia, vice president of sales at VAI.

In the food and beverage industry, tracking has become increasingly essential to all parts of the supply chain to comply with food safety regulations.

OPTEL Group is a traceability company that provides farm-to-consumer, product-based digital traceability solutions for the food and beverage industry.

OPTEL has expertise in deploying traceability in remote farmlands, as well as being able to track and trace products from the production plant to the end consumer, says Vanessa Grondin, global head of strategy, food and beverage. The data is typically stored in a cloud database. Blockchain is another type of database that is best used for storing transaction of events.

SAP Cloud Platform Blockchain services are generally available, and our blockchain-as-a-service offering makes both Hyperledger Fabric and Multichain blockchain technology actionable—meaning that users can extend existing solutions with enterprise blockchain capabilities, build their own enterprise blockchain-based application according to their specific needs, develop an enterprise blockchain network, and lay the foundation to participate in productive enterprise blockchain installations.

Another BaaS offering comes from Omnichain, which is intended to tame supply chain issues. With distributed ledger as the foundational data layer, the solution offers food and beverage manufacturers more than insight into product provenance. Using the latest in artificial intelligence and machine learning, it can take all that supply chain data logged on the distributed ledger, run predictive analytics and deliver intelligent recommendations in how to hit targeted outcomes.

These may be objectives like improving demand forecast accuracy, increasing supply chain efficiency, or reducing costs and waste. Blockchain technology opens up everything and creates a linear, easier-to-follow trace on food products that cannot be altered.

Besides providing the means to track products, blockchain technologies can show consumers where their food originated.

Right down to the animal, that is. Neogen, which does food safety and genomic testing, has partnered with Ripe Technology, a food and farm blockchain provider, to track the genomic profile of a dairy cow, the food it eats, its medical history, barn environment, and quantity and quality of the milk it produces. Messages are point-to-point, one-way communications. Each party has unique and limited visibility, and therefore, each has its own version of the truth.

The lower graphic shows how supply chain participants can contribute EPCIS electronic product code information services to a blockchain. Because the ledger is shared, data is transparent to all permissioned participants within the blockchain. This creates trust in the provenance of the ledger, or what blockchain providers call security through transparency, or trust through transparency. In the near future, smart contracts hold promise.

However, for a blockchain solution to be useful, a company still needs to connect its IT systems to the blockchain solution—hence, the connectivity effort is mandatory. Grondin also expects that the next frontier for supply chains is efficiency gain through the use of AI. The short answer is no. They may be updated. However, there will be a clear lineage showing what was changed, ensuring full transparency among stakeholders. Think of it like a double-entry bookkeeping system. It is possible to control who gets to see that information—even individual transactions—through permissions, adds Soni.

With regard to who can see what information, it really depends on what kind of blockchain is being used, e. Private and public refers to who is able to write data onto the blockchain, versus open and closed, which is viewable or not. Blockchain can create a smarter, more secure supply chain because it provides a solid trail that is visible in real time. Theoretically, blockchains are tamperproof as they use a cryptographic fingerprint that is unique to every block in the chain, and every computer in the network agrees on the shared history of the transaction, says Sibley.

Where hacking is possible, however, is infrastructure outside this network not fully subject to the same protocols as the blockchain? Besides outright criminal fraud, blockchain technologies can be used to show that animals were treated humanely on the farm and that farmers received a fair price for their products, two issues that can affect the buying decision for many consumers.

Blockchain may not always prevent food fraud because humans still work in the supply chain. For example, there are still many data gaps along the supply chain where trade partners rely heavily on paper-based transactions, says Barbeire. This allows records to be lost, unreconciled and remain invisible to the rest of the supply chain.

IIoT sensors definitely can help, says Sibley. Consider a producer of a soft beverage purchasing sugar from a supplier to add to the product. The company, along with others along the supply chain, could leverage IIoT-integrated sensors to ensure that the sugar product is pure—not cut with anything—and packaged in the proper amount prior to purchase and transit. The IIoT sensor would work with the smart contract functionality of blockchain to release funds upon completion of the contract.

Additionally, the introduction of smart contracts would save companies money and reduce the need for third-party regulators, such as traditional banks, to ensure the smooth transition of funds. Lastly, should any partner be found to break the contract agreements, blockchain solutions can quickly determine where the fault lies and provide a record for proof of breach of contract.

Consider this a great digital safety net for companies doing business on an international scale. If a supplier in China ships a crate of conventional soybeans to the United States, and someone in the middle of the transport process tries to misleadingly mark them as organic, parties on the receiving end could reference the original dispatch record and immediately catch the fraud attempt.

At the same time, a manufacturer whose selling point is that its products are organic, kosher or GMO-free can look back at the ingredients and production processes to validate that they meet these standards.

Companies are leveraging blockchain to track products through the supply chain and provide consumers an app to tell them where a product came from and its journey from source to store. This helps food and beverage companies uphold the integrity of their products and prevent food fraud. Thus, producers can pinpoint the source of tainted food incidents swiftly to adjust the supply chain and move forward with production, eliminating possible contamination sources. It could also provide a greater level of transparency of certification within the industry.

While in the field, their crates are weighed and scanned, then sent to cold storage. That QR code stays on those berries all the way to the store. Once at the store, customers can scan these QR codes on their smartphones to see exactly where the berries were grown and learn about sustainability practices from the farm. This whole process is run through SAP blockchain, allowing Naturipe Farms to create a great shopping experience for customers and make them aware of their safe food supply chain.

Blockchain technology provides the traceability that is needed to validate the exact farm-to-grocery produce supply chain. Because of border patrol and other supply chain bottlenecks, reporting from blockchain frees up lengthy delays in shipment, bringing berries to international shoppers quicker. CAT Squared, www. This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block.

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Photo courtesy of National Institute of Standards and Technology. Photo courtesy of IFS. Photo courtesy of CAT Squared. Photo courtesy of ripe. QR codes and blockchain help Naturipe Farms track fruit from farm to consumer Naturipe Farms Chile has locations around the world, but SAP blockchain can narrow down a package of berries to a single plant, patch or greenhouse. Recent Articles by Wayne Labs How sweet—or potent—is your honey?

Kudos to the food and beverage industry.

8 Indian Blockchain Startups To Watch Out For

Blockchain technology can enhance the basic services that are essential in trade finance. At its core, blockchain relies on a decentralised, digitalised and distributed ledger model. By its nature, this is more robust and secure than the proprietary, centralised models which are currently used in the trade ecosystem. Blockchain technology creates a viable, decentralised record of transactions — the distributed ledger — which allows the substitution of a single master database. It keeps an immutable record of all transactions, back to the originating point of a transaction. This is also known as the provenance, which is essential in trade finance, allowing financial institutions to review all transaction steps and reduce the risk of fraud. The application of blockchain also offers a far better means of establishing and proving identity than present day systems.

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Blockchain is a technology that allows transactions to be secure and anonymous. In short, blockchain creates a true peer-to-peer secure transaction. Blockchain has two main jobs :. Take a look how Blockchain expands to these industries. Today crowdfunding has an accountability problem. So what happens if you give money to the wrong campaign and someone misuses the money? You may never want to support a tech project again.

Blockchain solutions

Blockchain, a decentralised, distributed ledger for digital information, was one of the most disruptive technologies that defined the last decade. It powers cryptocurrencies and NFTs and can radically change multiple sectors, including payments, cybersecurity and healthcare. According to Research and Markets , 55 percent of Indian businesses are adopting blockchain technology. Below, we list down eight homegrown blockchain startups making ripples.

10 Best Blockchain Startups In India To Watch Out For In 2021

Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Blockchain is a type of DLT in which transactions are recorded with an immutable cryptographic signature called a hash. This means if one block in one chain was changed, it would be immediately apparent it had been tampered with. If hackers wanted to corrupt a blockchain system, they would have to change every block in the chain, across all of the distributed versions of the chain. Blockchains such as Bitcoin and Ethereum are constantly and continually growing as blocks are being added to the chain, which significantly adds to the security of the ledger.

The Future of Blockchain in Media and Entertainment

Distributed Ledger Technologies allow data accumulation from multiple providers into a single immutable, secured, and validated database. Data on the blockchain ledger cannot be altered — they are secured by cryptography, which would prevent any unauthorized modifications. This technology allows smart contracts for the execution of control and operational processes to the standardized workflow. That to that, blockchain supports automation, reduces costs of procedures, and increases decision-making speed. Limiting human input allows to minimize the risks of mistakes or fraud and increase efficiency by reducing the need for manual oversight. We designed decentralized IT infrastructure for smart balancing of returnable packaging designed with privacy to serve the entire logistics ecosystem.

Opportunities and limitations of public blockchain-based supply chain traceability

Yes, blockchain technology is the foundation of Bitcoin and other hipster cryptocurrencies. But computer scientists and business leaders think it has the potential to transform global commerce, law, politics, and more. Consider elections. With blockchain technology, each vote could be recorded anonymously in an unalterable public ledger.

It will take you just 3 minutes. All products that are certified as being environmentally or socially responsible have to rely on a Chain of Custody system to keep track of products as they move along the supply chain. And all such systems are potentially open to fraud. Can blockchain, the much-talked about code behind Bitcoin, help keep these systems secure?

Openlink solutions work best when coupled with our world-class professional services team. Let us help you get the most from Openlink — before, during and after implementation. Blockchain food traceability is gaining momentum in the global agrifood sector. The ability to instantaneously trace the entire lifecycle of food products from origin through every point of contact on its journey to the consumer bolsters credibility, efficiency and safety. Blockchain holds the promise of disruptive transformation, but not without potential roadblocks along the way.

As modern supply chains continue to expand, they also are becoming more complex and disparate. Typically, traditional supply chains use paper based and disjointed data systems that lead to information silos and make tracking products a time consuming task. Lack of traceability and transparency is an industry-wide challenge that leads to delays, errors, and increased costs.