Today Fresh Del Monte Produce announced it invested in Decapolis, a blockchain food traceability startup, acquiring a 39% stake.
Together the companies plan to roll out Decapolis Food Guard across all Fresh Del Monte, starting with its pineapple operations in Costa Rica. Products will contain QR codes enabling consumers to see the entire history of the produce from farm to fork. Additionally, the aim is to provide the solution to other businesses.
Typically providing consumer information on the sustainable sourcing of food is just one traceability application. It also helps to monitor the supply chain, for food recalls and quality analysis. Because blockchain’s are usually immutable, the data is more trustworthy, but it can’t certify that the addition of the data is accurate in the first place. For that, there needs to be inspections or sensors.
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