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
Thanks for the article, is there any way I can receive an email sent to me when you publish a fresh update?
obviously like your website but you need to check the spelling on several of your posts. Many of them are rife with spelling problems and I find it very bothersome to tell the truth nevertheless I’ll certainly come back again.
A person essentially help to make seriously articles I would state. This is the very first time I frequented your web page and thus far? I amazed with the research you made to create this particular publish extraordinary. Excellent job!
I am constantly browsing online for ideas that can assist me. Thank you!
certainly like your website however you need to check the spelling on quite a few of your posts. Many of them are rife with spelling issues and I in finding it very troublesome to inform the truth nevertheless I’ll definitely come back again.
Thank you for sharing superb informations. Your website is so cool. I am impressed by the details that you have on this site. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for more articles. You, my friend, ROCK! I found simply the information I already searched all over the place and simply couldn’t come across. What a perfect web-site.
It’s actually a nice and helpful piece of info. I am glad that you simply shared this useful info with us. Please stay us informed like this. Thanks for sharing.
I really liked your blog article.Really looking forward to read more. Want more.
My family members every time say that I am wasting my time here atnet, however I know I am getting experience all the time byreading thes good articles or reviews.
mahperi ertugrul çok ama çok teşekkürler Jaidan Clark ertuğrul mahperi hatun Isa Norris mahperi mertoğlu eşi Bryce Diaz mahperi hatun ekşi