Today it was revealed that tech giant LG’s tech subsidiary, LG CNS, is planning a food traceability blockchain. In partnership with SayIT, a Korean IT service provider, the platform will provide traceability information on food served at school canteens.
According to
ZDNet, the information on the food’s production, processing, distribution, acquisition, and consumption will be stored on a public blockchain. It will enable parents and carers to check on what their children are eating at school, for their health and food sustainability.
LG CNS and SayIt plan to monetize the blockchain by allowing food producers to promote their products. There’s a suggestion that firms could send online ‘mobile flyers’ to users of the platform.
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Image Copyright: LG
