The blockchain does not fail to surprise us, all thanks to the innovative applications that make headlines every day. In yet another recent development, the government of South Korea has proposed a plan to use blockchain technology for tracing beef, as revealed by Yonhap News agency on November 20.
They revealed that the South Korean government is attempting to provide more details to the consumers regarding the food supply chain.
A pilot program based on blockchain technology has been launched jointly by the Ministry of Agriculture, Food and Rural Affairs, and the Ministry of Science and ICT. The testing of the program is scheduled to happen in December, and the program will be launched officially in January 2019.
The South Korean ministries plan to use the distributed ledger technology to “to track beef through the supply chain to provide consumers with information about the source of their food.”
According to the article made public by the news agency:
“The new platform uses blockchain technology to store related information and certificates in the distributed ledger to enhance efficiency and credibility.”
The current system makes use of paper to record information related to aspects like slaughter, packaging and the like, but the entire process takes time and is often exposed to errors, and risks of fake certificates.
It is worth mentioning here that the beef-tracking pilot project based on blockchain is just one of the initiatives of the South Korean government. The government announced that it has allocated $4.4 billion in 2019 budget for artificial intelligence, big data, and blockchain.
Blockchain and Supply Chain
The use of blockchain technology in the food supply chain is on a rapid rise. Similarly in the same area, a UK food safety watchdog announced beginning of July that it had recently completed a successful pilot run of blockchain technology for inspecting meat in a supply chain.
Also in the supply chain, CBH group, one of Australia’s largest grain exporter, partnered with a local startup to track shipments with blockchain, this time it was oats. Last month, the four largest agriculture companies in the world, commonly known as ABCD, Archer Daniels Midland Co., Bunge Ltd., Cargill Inc., and Louis Dreyfus Co made plans of using blockchain along with artificial intelligence to make trading of grains more transparent.
It is of no surprise that
I’m impressed, I need to say. Really not often do I encounter a blog that’s both educative and entertaining, and let me inform you, you have hit the nail on the head. Your idea is excellent; the issue is something that not enough people are talking intelligently about. I’m very pleased that I stumbled across this in my search for one thing referring to this.
Hey! This post could not be written any better! Reading through this post reminds me of my old room mate! He always kept talking about this. I will forward this write-up to him. Fairly certain he will have a good read. Thanks for sharing!
Muchos Gracias for your blog post.Really looking forward to read more. Great.
wonderful post, very informative. I wonder why the other experts of this sector don’t notice this. You should continue your writing. I’m confident, you’ve a great readers’ base already!
It’s hard to search out knowledgeable people on this subject, however you sound like you realize what you’re speaking about! Thanks
You really make it seem so easy with your presentation but I find this matter to be really something which I think I would never understand. It seems too complex and extremely broad for me. I am looking forward for your next post, I will try to get the hang of it!
yorktown apartments medici apartments glacier run apartments
I’d personally also like to express that most people who find themselves with out health insurance are normally students, self-employed and people who are without a job. More than half from the uninsured are really under the age of 35. They do not sense they are in need of health insurance since they’re young and healthy. Their particular income is usually spent on property, food, as well as entertainment. Many people that do work either whole or as a hobby are not provided insurance through their work so they proceed without due to rising valuation on health insurance in the usa. Thanks for the suggestions you discuss through this site.
I used to be very happy to seek out this internet-site.I needed to thanks on your time for this wonderful learn!! I definitely having fun with each little bit of it and I have you bookmarked to take a look at new stuff you weblog post.
Do you know the address? adalat 10 may 2015 dailymotion The Jets front office must upgrade at cornerback, so that Pryor can be in position to strike fear closer to the line of scrimmage.