Food, Drink & Agriculture

Over a third of all the world’s food annually is recalled to be wasted, because of its poor quality. This costs the global supply chain over $1tn, and has impacts on companies’ reputations. Our SICCAR distributed ledger technology platform is an enabler for traceability that was previously out of reach for the sector. We are digitally enabling a level of secure transparency in food, drink and agriculture supply chains.

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NEEDS

Many food, drink and agriculture companies are realising the business value of traceability for efficiency, cost savings, and achieving product premiums in the market. However, they must first overcome the mistrust associated with validating claims of product identity and traceability - every action or inaction would need to be closely recorded and made available for scrutiny.

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SOLUTION

The SICCAR Distributed Ledger Technology software platform enables traceability and transparency to prove compliance with certain quality standards across food, drink and agriculture supply chains without compromising commercially sensitive information. We are working with these to implement track-and-trace of products to provide proof of product provenance and processing.

IMPACT

Consumers eventually could be given full-lifecycle assurance of overall quality and specific qualities. Producers can proof provenance throughout product lifecycle, meaning manufacturers and processors are prepared to pay more for products with certified qualities.

 

Interested in finding out if your digital process, service or app should be built on blockchain? Schedule some time with Hannah to find out.

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