Spanish-based seafood firm, Nueva Pescanova Group, has announced to work with IBM to use its Food Trust platform – a distributed ledger technology platform designed for supply chain traceability.
as of June 8 Announcement From IBM, a partnership is already underway, with Nueva Pescanova using blockchain technology to track lobster fishing in Argentina and shrimp farming in Ecuador.
In the announcement, Nueva Pescanova Group CEO Ignacio Gonzalez said the traceability platform will help the firm meet the United Nations Global Dialogue on Seafood Traceability (DGST) standards, stating:
“We want to provide our consumers around the world with rigorous and detailed information about their search for our seafood products until they reach their tables. Now is the time for businesses in the seafood sector. Start focusing on the GST standards.”
Nueva Pescanova Group is a leading multinational seafood firm that was established in 1960. The company covers the cultivation, production, processing and distribution of seafood.
IBM’s Food Trust Traceability Platform Designed for the food industry, enables network members to view comprehensive supply chain data from products in “near real time” – providing producers with significant efficiency savings, reducing fraud in the global market, and Meets safety and stability obligations. .
Sustainability is an issue of increasing importance to seafood consumers, with IBM in its 2020 . has referred to Europe food sustainability Study, which found that nearly 50% of respondents would buy more seafood if they had more information about its “origin, safety and production”.
The partnership adds to a growing list of food and agriculture firms that have partnered with IBM for a blockchain-based supply chain solution.
In February, the multinational retail giant Carrefour partnered with IBM To track the supply chain of chicken and microgreens. In December 2020, Cointelegraph reported that Nestle, Dole and olive oil giant CHO We’re already taking advantage of the IBM Food Trust network.