Australia has proud reputation as a provider of safe, high quality food. Given a growing interest by consumers around the world into the foods they eat and drink, protecting this standing and maintaining continued trust is of great importance.
At the same time, significant issues exist with counterfeit, substituted or tainted products in international markets, with notable scandals involving, for example, baby formula in China, horsemeat in the UK and beef in Brazil.
Blockchain technology represents an opportunity for improved supply chain efficiency, transparency, authenticity, compliance and traceability, and has the potential to transform the way in which organisations transact and collaborate. Importantly, it has the potential to play a major role in providing immutable provenance of products.
Unico is designing and running a Proof of Concept (PoC), in collaboration with recognised meat industry and supply chain stakeholders, and will establish a Blockchain-enabled future model for export into markets such as Asia.
This has direct implications and relevance to primary industry, food & wine, manufacturing and pharmaceuticals.
By Simon Taylor, Unico