Introducing BeefChain, a rancher-to-retail supply chain traceability solution using Cardano

2020-11-13 07:00

BeefChain is a Wyoming-based traceability solution on a quest to track the origin of cattle and sheep using Cardano. Aside from its strong Wyoming connections, it was Atala TRACE, a traceability solution built on top of Cardano, that made the blockchain a perfect choice for BeefTrace, which aims to promote more sustainable farming practices by making it easy for end customers to track the quality and origin of the products they buy.

Blockchain as an unexpected solution to sustainable farming

The global conversation about sustainability has put farming under the spotlight, with many highlighting cattle farming as one of the biggest polluters in the world. Reducing the global consumption of meat is believed to be one of the easiest ways to fight climate change and protect the environment in the short-term. However, as wiping out all farming isn’t and probably won’t be a viable option, many have focused on promoting sustainable practices that reduce the environmental impact farming has.

One of those projects is BeefChain, a blockchain traceability solution that enables unique animal identification and ensures the origin of cattle and sheep. Based in Wyoming, the project is currently trialing its technology on around 1,600 calves from six family-owned ranches in the country.

While the idea behind BeefChain isn’t all that novel, using blockchain to track and store unique information about individual cattle certainly is. According to the company, blockchain allows customers to easily scan a product and track its origin back to the farm where the cattle were raised.

Cardano’s Atala TRACE is a cherry on top of various traceability solutions employed by BeefChain

Enabling consumers to track the origin of the meat they consume will help increase the market share of sustainable farmers and give them access to fairer prices, the company explained. However, for this to work, BeefChain’s tracing solution needs to be scalable, easy-to-use, and widely available to end consumers.

That’s why the company decided to build its platform on top of Cardano.

Aside from Cardano’s strong Wyoming connections, where several labs are currently knee-deep in developing Cardano-based products, it was the traceability solution available on the blockchain that made it attractive to BeefChain—Atala TRACE is a supply-chain traceability solution built on top of Cardano the company plans on leveraging.

“Atala TRACE empowers product owners to improve the visibility of their supply chain, bringing transparency to the end customer — rewarding primary producers who are committed to quality,” the company said in a Medium post.

When combined with other tracing solutions such as QR-codes and RFID chips, connecting BeefChain to a blockchain solution makes it incredibly difficult for bad actors to forge the credentials of a product. And with over 40 percent of all beef fraud being counterfeiting—passing lower-grade meat as high-value—it’s not a problem that should be looked over.

The post Introducing BeefChain, a rancher-to-retail supply chain traceability solution using Cardano appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Cardano (ADA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.576
Капитализация $0 Rank 99999
Цена в час новости $ 0.1057 (-100%)

solution using traceability cardano beefchain introducing chain

solution using → Результатов: 126


Review and evaluation of the International Credit Open Exchange (ICOE) project

The International Credit Open Exchange is a reward points exchange organization that aims to address the shortcomings of traditional reward systems by issuing IO tokens as a solution. Using the advantages of the blockchain distributed technology, the ICOE is going to create a project with millions of users who, when participating in the program of […]

2020-8-10 16:32


Tokeny works with Cynopsis on streamlined investor compliance service

Tokeny Solutions, a provider of tokenization technology, announced a new partnership with Cynopsis; to offer their clients a secure and streamlined investor compliance solution. The collaboration aims to ensure investor onboarding and ongoing KYC/AML checks are processed smoothly using Tokeny Solutions’ services; and Cynopsis’ products – Ares, Artemis, and Athena.

2020-3-13 15:58


Bitcoin derivatives exchange Overbit implements Coinfirm’s AML platform

Bitcoin derivatives trading platform Overbit, announced today it will enhance the trading platform’s anti-money laundering (AML) measures using Coinfirm’s AML & Analytics solution. An established player within the blockchain space and early trailblazer in AML for cryptocurrencies, Coinfirm’s expertise in AML and risk management solutions has been utilized by many market leaders.

2019-12-18 15:03


Credits and Alibaba Cloud Storming Chinese Market With Blockchain-Based Solutions

The Credits open-source decentralized blockchain solutions provider and Alibaba Cloud have announced the joint launch of operations in the Chinese logistics market. The solution being launched jointly by the Credits platform and Alibaba Cloud is aimed at solving the multiple issues in the logistics market using blockchain technologies.

2019-12-3 19:13


Singapore’s CIMB Group Bank Completes First Ever Blockchain Transaction Using iTrust

One of Asia’s largest investment banks, CIMB Group’s Singapore-based bank, CIMB Bank Berhad Singapore, settled its first ever transaction on blockchain technology on Oct. 17. According to a Yahoo Finance press release, the bank partnered with iTrust, a trade finance blockchain solution, to efficient, instant and transparent channels of global trade. The CEO of CIMB […]

2019-10-18 18:39


Understanding PLONK

Special thanks to Justin Drake, Karl Floersch, Hsiao-wei Wang, Barry Whitehat, Dankrad Feist, Kobi Gurkan and Zac Williamson for review Very recently, Ariel Gabizon, Zac Williamson and Oana Ciobotaru announced a new general-purpose zero-knowledge proof scheme called PLONK, standing for the unwieldy quasi-backronym “Permutations over Lagrange-bases for Oecumenical Noninteractive arguments of Knowledge”.

2019-9-24 04:03


Zero-knowledge proof cryptography now available in Kaleido blockchain business cloud

Zero-knowledge proof cryptography now available in Kaleido blockchain business cloud - CryptoNinjas QEDIT, an enterprise solution for preserving data privacy using zero-knowledge proofs, today announced that its private asset transfer solution will be available in an “off-the-shelf” advanced privacy option for businesses using the Kaleido blockchain cloud platform.

2019-9-17 20:32


PNC bank goes live with RippleNet; becomes first-ever American bank to use its services

PNC Financial Services Group, Inc. has gone live with RippleNet on August 29, becoming the first-ever American bank to process cross-border payments, reported FintechFutures. The bank inked the deal with RippleNet in September 2018 and announced that its Treasury Management Unit would be using Ripple’s current software solution to carry out cross-border transactions.

2019-8-29 12:14


Santander To Provide Remittance Services To Its Latin American Customers Using Ripple Backed Solution

Santander Group, a major Spanish bank wants to expand its use of One Pay FX solution to enable its customers in Latin American countries send money to the U. S. According to the bank, Ripple’s remittance service will allow customers in these countries to send feeless payments instantly, reports Coindesk on August 19, 2019.

2019-8-20 22:50