seafood certification
World Sustainability Organization Adopts Blockchain-Based Virtual Audits to Curb COVID-19 Spread
With coronavirus (COVID-19) prevention measures necessitating self-isolation and social distancing, Friend of the Sea (FOS), a World Sustainability Organization’s project for seafood certification, has embraced blockchain-enabled virtual audits to mitigate the expansion of this pandemic. As a result, FOS has eradicated onsite scrutinies because safety is of the essence during these trying times.
World Economic Forum Views Blockchain as the Vaccine for Future Interferences in the Seafood Sector
The World Economic Forum (WEF) touts blockchain technology as the vaccine and game-changer needed to ensure things run smoothly in the global seafood supply chain irrespective of future disruptions. This is based on the fact that the coronavirus (COVID-19) pandemic has laid the bare knuckles of the inefficiencies and challenges faced by the seafood industry.
United Nations FAO: Blockchain, IoT and Robotics Can Foster a Sustainable and Profitable Global Seafood Economy
The Food and Agriculture Organization (FAO) of the United Nations views blockchain as a game-changer for the global seafood sector.
Renault Deploys Blockchain for Vehicle Compliance Certification from Design to Production
Renault, a leading French automobile manufacturer, has established the XCEED blockchain system to ensure compliance of all car parts from design to production.
Tech Mahindra Developing India’s Blockchain Education with Idealabs Partnership
Tech Mahindra, an Indian multinational IT company, has inked a partnership with Idealabs, an education technology firm, to boost Indian students and aspiring tech professionals with notable blockchain skillsets. Through the strategic collaboration, curated blockchain professional certification courses will be offered made up of live online classes and expert sessions by gurus in the industry.
Is Blockchain the Missing Piece Needed in Curbing Illegal Fishing?
Illegal fishing is a predicament that is at times in oblivion despite it endangering marine ecosystems as it distorts their sustainability and biodiversity. Blockchain offers a distributed ledger technology (DLT) that can be helpful in fish tracking from the time it was captured to the moment it is consumed, and this approach can be instrumental in eradicating illegal fishing.
Mastercard Blockchain to Trace Produce for the Largest American Food Group
Mastercard is collaborating with Envisible, a supply-chain company, to allow the traceability of the origin of food products via Mastercard's blockchain-based Provenance Solution.
Fortune Business Insights: Blockchain-as-a-Service Market to Skyrocket to $24 Billion by 2027
Fortune Business Insights, a leading publisher of market research reports, has revealed that the blockchain-as-a-service (BaaS) sector will escalate to $24.94 billion by 2027 from $1.9 billion recorded in 2019, representing a compound annual growth rate (CAGR) of 39.5%. This uptrend will be fueled by small and medium enterprises (SMEs) as they are viewing blockchain technology as an optimal solution for the numerous challenges they face, like access to bank loans, trade financing, and cash flow difficulties.
Algorand Blockchain Network Now Certified for Sharia Compliant Financing
The Algorand Foundation announced that its blockchain network has now been certified as Sharia compliant for the inclusion of Islamic financial markets.
Estee Lauder Uses Blockchain Technology to Further Beauty Solutions
Estée Lauder Companies (ELC) has established a blockchain platform to meet sourcing standards for its Madagascan vanilla.
Top Brazilian Meat Processing Company Leverages Blockchain to Reduce Deforestation
JBS, a leading Brazilian meatpacker, has resorted to blockchain technology to leverage its traceability of tens of thousands of cattle it processes daily.
US CFTC Commissioner Says Crypto Derivative Contracts Had an Enormous Positive Impact on the US Economy
United States Commissioner of the Commodities and Futures Trading Commission (CFTC), Brian Quintenz spoke about the current and future regulation in Fintech at the Singapore Fintech Festival held last week.