Gustav Gerig AG Swiss Food Company And Pacifical Blockchain Company To Track Fish Products

2018-11-29 22:27

Swiss Food Company Partners With Blockchain Company To Track Fish Products

Using blockchain for tracking food is something that is becoming increasingly common these days. Now, Gustav Gerig AG, a Swiss food manufacturer, is set to become the first company in Europe to use the Ethereum (ETH) blockchain in order to track fish products. The information was sent out to the media in a press release today, November 28.

This food manufacturer has been operating in the country ever since 1923 and it has decided to join Pacifical C.V. in an effort to allow clients from both companies to be able to certify the origin of tuna fish with the help of the blockchain technology.

The tracking will be done via QR codes that will be put in tuna tins. Consumers will be able to scan them in order to find out more information about the fish such as the type that it is, its production date and even which boat (and the captain of the boat) was used to catch this fish.

Gustav Gerig AG believes that this will greatly improve the transparency of the area and how the clients have access to the information that they may need.

While Gustav Gerig AG and Pacifical c.v. will benefit from the technology, Atato, a blockchain-based company from Thailand, will be the one developing the technology for the customers. It will do it in a partnership with ConsenSys, the company founded by Joseph Lubin, Ethereum’s co-founder.

Industries Start Tracking

While the blockchain technology is still struggling a bit to find its way in the financial industry as the bear market devours all the profits that were gained in 2017, the blockchain technology is increasingly being used to track food supply chains.

IBM and Walmart, for instance, started a partnership this year to track produce. Many industries, ranging from rice to fish are using this new technology in order to improve how tracking is made.

As many customers are now more interested in knowing where the food in their tables comes from, the technology has appeared in a good time and it looks like the number of companies using it will be even bigger in 2019.

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