Blockchain Enterprise Solutions Aim To Improve Safety And Address Ethical Sourcing Concerns

Author:Mr Brian P. Bartish
Profession:BakerHostetler
 
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According to recent reports, the Food Safety and Inspection Service (FSIS), an agency of the U.S. Department of Agriculture, is working with a major global technology firm to build a proof-of-concept blockchain solution, FSIS's first, designed to bring increased immutability of documentation and streamline the process for export certifications of America's meat, poultry and eggs. In another recently announced pilot, as part of its 20-year plan to create a carbon-neutral passenger car fleet, a global automobile manufacturer announced a new blockchain pilot project with Circulator - a startup focused on blockchain technology - and one of its key battery cell manufacturers. The project is targeted at tracking emissions of climate-relevant gases and mapping the use of recycled material through the battery cell manufacturing chain.

Earlier this week, several key partners in the aircraft maintenance, repair and overhaul (MRO) industry announced the creation of the MRO Blockchain Alliance, along with a proof-of-concept blockchain solution to verify the authenticity of aircraft parts and provide visibility into the full chain of custody, with blockchain technologies estimated to generate $3.5 billion in costs savings (approximately 5 percent) and a $40 billion boost in revenue. Also this week, the Perth Mint, in partnership with Security Matters, a technology startup focused on physical asset tracking through digital means, announced the development of an ethical gold supply chain assurance solution as part of its TrueGold project. TrueGold is aimed at reporting on the origin of gold and how the metal moves through the entire production...

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