The National Fisheries Institute (NFI) has
announced that it’s working with IBM’s Food Trust to spearhead the first multi-company attempt to introduce blockchain technology to the seafood supply chain. The pilot project is being funded by the Seafood Industry Research Fund (SIRF).
The NFI hopes that blockchain technology will enhance the traceability of seafood. Companies that belong to the NFI will be able to upload data to the
IBM Food Trust platform and control access to that data.
To date, the
IBM Food Trust has mainly worked with food suppliers, brands and grocery retailers including Walmart, Carrefour, Nestlé and Unilever. The SIRF hopes that by introducing the technology to the NFI, they will discover how it “can help seafood businesses generate revenue and reduce costs, from harvest to distribution”, according to SIRF chairman Sean O’Scannlein.
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