Taiwan-based e-commerce platform OwlTing has announced the integration of the “world`s first Ethereum-based food provenance” blockchain into its suppl
Taiwan-based e-commerce platform OwlTing has announced the integration of the “world`s first Ethereum-based food provenance” blockchain into its supply chain.
OwlTing is located in Taipei and operates an online platform and marketplace that connects consumers directly to producers of food in the country. They have now claimed to integrate an Ethereum-based blockchain technology solution to its supply chain infrastructure. This is reportedly improving food safety for consumers.
The service comes in response to a number of notable scandals that damaged Taiwan`s reputation in the recent years. For example, Taiwan News (taiwannews.com.tw) wrote last year that the labels of five frozen seafood products distributed by Hsiang Er Sheng Co. were tampered with. The tainted oil scandal, on the other hand, showed that hundreds of bakeries and eateries in the country sold desserts and dishes made with substandard cooking oil, as The Wall Street Journal (blogs.wsj.com) reported earlier.
The food provenance blockchain named “OwlChain” aims to achieve better transparency, immutability and integrity for improved food safety in Taiwan.
Blockchain solutions could potentially transform the seafood industry for the better, expanding beyond the supply chain processes, as Steven Shyu, founder of Taiwanese seafood producer Upwelling Ocean, commented in a quote that appeared in cryptocoinnews.com`s report.
“Blockchain technology is unique as it cannot be altered, it’s traceable, and it will bring higher credibility to our marine environment protection label. Not only will it facilitates sustainable use of ocean resources in Taiwan, we can share this concept with fishing industries in other regions in the world that rely on local productions and distributions.”, he said.
OwlChain is not the only initiative that uses blockchain technology for the food supply chain. The online media has reported on other projects in Switzerland and China, among other.
It is to be closely followed whether and how such solutions can affect the food industry.