Connect with us

News

Chickens and eggs: Retailer Carrefour adopts blockchain to track fresh produce

Nino Team

Published

on

© Reuters. FILE PHOTO: A Carrefour logo is seen on a Carrefour Hypermarket store in Montreuil, near Paris© Reuters. FILE PHOTO: A Carrefour logo is seen on a Carrefour Hypermarket store in Montreuil, near Paris

By Tom Wilson and Eric Auchard

LONDON (Reuters) – Europe’s largest retailer Carrefour SA (PA:) has adopted blockchain ledger technology to track and trace chicken, eggs and tomatoes as they travel from farms to stores, and will deploy it across all of its fresh product lines in coming years.

The French retail giant said it will rely on blockchain technology developed by IBM (N:), which is working with a number of retailers, logistics firms and growers to roll out systems to secure their global supply chains.

IBM Food Trust allows the industry to track and share information on how products are grown, processed and shipped. The technology cuts the time for checking the provenance of food from days or weeks to seconds, IBM said.

Blockchain, best known as the technology underlying cryptocurrency bitcoin, is a shared record of data kept by a network of individual computers rather than a single party.

Proponents say it has the power to transform industries from finance to real estate, but so far there have been few examples of its large-scale application.

Carrefour Secretary General Laurent Vallee said the group would widen its use of the system to its 300 fresh products across the world by 2022, securing a safe supply chain and allowing customers to trust in their food.

“The key thing for us as Carrefour is to be able to say when there is a crisis that we have the blockchain technology, so we are able to trace products and tell the story of the products,” he told Reuters.

Outbreaks of salmonella linked to eggs and poultry are a major challenge for the food industry.

Nearly 207 million eggs from a North Carolina farm possibly contaminated with the organism were recalled in April, while the number of salmonella food poisoning cases in the European Union is rising.

Global businesses will pay around $212,000 a year for full use of Food Trust, which is now available worldwide, IBM said.

Still, mass adoption of the technology could face hurdles, said Simon Ellis of U.S.-based market research firm IDC.

“The efforts to convince growers to participate is not a minimal one,” he said. “Growers and farmers exist at dramatically different levels of technological sophistication.”

Pork processing giant Smithfield Foods is among other firms joining the project, IBM said, while science and technology companies contributing data to the blockchain now include Minneapolis-based 3M (N:).

Walmart Inc (N:) said last month it would ask leafy greens suppliers to implement real-time, farm-to-store tracking using IBM’s technology.

Last year, 10 retail and food companies including Nestle SA (SIX:), Unilever Plc (L:) and Tyson Foods Inc (N:) joined the project.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Cryptos Mostly Flat; BTCC Launches in South Korea

Nino Team

Published

on

Bitcoin was flat on Wednesday. Bitcoin was flat on Wednesday.

Ninomag.com – Cryptocurrencies were mostly flat on Wednesday, while a Hong Kong-based exchange announced it is extending its services to South Korea.

fell 0.72% to $6,713.50 on the Bitfinex exchange as of 8:55 AM ET (12:55 GMT).

Cryptocurrencies overall were slightly lower, with the total coin market capitalization at $210 billion at the time of writing, compared to $211 billion on Tuesday.

,or Ether, decreased 0.99% to $212.46 and was at $52.40, down 2.31%, while rose 2.94% to $0.48073.

Meanwhile, Hong Kong-based exchange BTCC is launching its services in South Korea later this month, Korean business site The Investor reported.

The beta service will be available in October and its full debut in November. The service will include a trading platform, wallets, a mining pool and consumer payments. The company was founded in 2011 and was one of the top trading platforms in China before a crackdown on the mainland prompted it to close. It was bought in January by a blockchain investment fund in Hong Kong.

In other news, smart contracts that use blockchain could be liable under U.S. regulations if they are used for event contracts, Brian Quintenz, a commissioner at the U.S. Commodity and Futures Trading Commission.

“Essentially, these contracts would allow individuals to bet on the outcome of future events, like sporting events or elections, using digital currency. If your prediction is right, the contract automatically pays you the winnings,” he said.

Such contracts would fall under a prediction markets, which the CFTC regulates.

“If the contract is a product within the CFTC’s jurisdiction, then regardless of whether it is executed via a written ISDA (International Swaps and Derivatives Association) confirmation or software code, it is subject to CFTC regulation,” Quintenz said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Continue Reading

News

Rwandan Government to Use Blockchain Tech to Track Conflict Metal Tantalum

Nino Team

Published

on

Rwandan Government to Use Blockchain Tech to Track Conflict Metal TantalumRwandan Government to Use Blockchain Tech to Track Conflict Metal Tantalum

Rwanda has partnered with a U.K.-based blockchain startup to trace the mining of the conflict metal tantalum in the country, according to the startup’s press release, published Oct. 16.

Rwanda is the world’s leading produces of tantalum, the mineral used in consumer electronics such as smartphones and computers. By using blockchain technology in partnership with startup Circulor, the Rwandan Mining, Petroleum and Gas Board plans to make the production of tantalum more transparent.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Continue Reading

News

Wallet Provider Blockchain Backs Crypto Giveaways With Airdrops Program

Nino Team

Published

on

© Reuters.  © Reuters.

“Airdrops are good for crypto users.”

Those are the unequivocal words of cryptocurrency wallet and data provider Blockchain.info in a new white paper that sets out why it believes token giveaways can be beneficial for both individuals and the crypto ecosystem, while announcing a new program aimed to assist approved projects with token distributions “as a force for good.”

Addressing the issues that newcomers face when obtaining cryptos for the first time, the paper says that making purchases through an exchange or an initial coin offering (ICO) requires, for one, actually having the financial wherewithal to do so. Further, a buyer may be faced with with regulatory issues that vary across different regions, as well as risks that come with depositing funds in online platforms.

Continue Reading on CoinDesk

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Continue Reading

News

Qtum Blockchain Becomes Amazon Web Services Partner in China

Nino Team

Published

on

© Reuters.  © Reuters.

Amazon (NASDAQ:) Web Services’ (AWS) China division is partnering with public blockchain project Qtum.

The partnership sees the on-demand cloud computing giant working with a cryptocurrency project with a $325 million market capitalization, making it the 29th largest cryptocurrency, to develop blockchain-as-a-service (BaaS) solutions for enterprises and developers.

Revealed exclusively to CoinDesk, the partnership will allow AWS users to develop and launch smart contracts “quickly, efficiently, and cost-effectively” using an Amazon Machine Image (AMI), according to a press release issued by the Qtum team.

Continue Reading on CoinDesk

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Continue Reading

News

LINE’s Crypto Exchange Lists Its Own Token Against Bitcoin, Ether

Nino Team

Published

on

© Reuters.  © Reuters.

Bitbox, the cryptocurrency exchange launched by Japanese messaging giant LINE, has announced it is now listing its own token for trading against several major crypto assets.

The company said Tuesday that the LINK (LN) token is now exclusively available on Bitbox in trading pairs with bitcoin, ethereum and the U.S. dollar-pegged stablecoin tether.

The move marks the latest step taken by the company as part of its efforts to apply blockchain and cryptocurrency to mainstream use cases.

Continue Reading on CoinDesk

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Continue Reading

Trending

Copyright © 2018 NinoMag