China`s online-only insurer ZhongAn will reportedly introduce a blockchain paltform to track the chicken supply chain in China.The local media Lei
China`s online-only insurer ZhongAn will reportedly introduce a blockchain paltform to track the chicken supply chain in China.
The local media Leiphone and cryptocoinnews.com reported that this will be the first blockchain of its kind to be applied to the agriultural sector in the country.
The platform will create an unique identity to each chicken, while allowing a real-time record of the information, as cryptocoinnews.com noted. The entire record will be avaible on a decentralized ledger.
ZhongAn is known as the first online-only insurer. For this reason, it was unsurprising when the company announced its interest in developing blockchain technology with the launch of an incubator in November last year, as cryptocoinnews.com reported at the time.
The blockchain is also able to record details of the daily feed given to chickens, their nutritional requirments and even daily excercise. The hardware devices will be provided by the internet of things company Wopu, as the local media Jiemain wrote in an article.
The blockchain project could potentially tackle issues concerning food safety in China. In 2014, the media covered a scandal of a food supplier that distributed rotting and expired meat to fast-food chains in China.
In December 2016, the head of the China Food and Drug Administration, Bi Jingquan, reportedly told the Standing Committee of National People`s Congress that “deep-seated” problems are still plaguing the food sector in the country, according to Reuters (reuters.com).
Some of these issues include false advertising, the use of counterfeit products and ingredients and the sale of contaminated food products, as Bi said. One of the health scandals included the sale of baby formula containing lethal amounts of the industrial chemical melamine in 2008, as Reuters pointed out.
It is to be seen whether blockchain technology could be one potential solution.