Ecuador-based Shrimp Producers Partners with IBM to Track Shrimp with Blockchain

By Natalie Wu | May 8, 2019
Ecuador-based Shrimp Producers Partners with IBM to Track Shrimp with Blockchain

Ecuadorian Sustainable Shrimp Partnership (SSP) has recently announced its partnership with IBM‘s Food Trust Ecosystem, which helps deliver a greater quality of SSP shrimp products.

By joining the Food Trust Ecosystem, retailers and consumers will be able to access data and trace SSP shrimp from farm to folk. The SSP plans to create an app for customers to access the origin of the shrimp they buy.

“Our aim is to have SSP premium quality shrimp in supermarkets and on menus where the consumer can scan the QR code and find out which farm it is from, how it was farmed, and key indicators on its food safety and sustainability profile,” said Pamela Nath, Director of SSP in the press release.

The SSP is a group of Ecuadorian leading companies involved in shrimp production. With the introduction of blockchain technology, SSP shrimp will be the first shrimp products on the IBM Food Trust solution.

“Blockchain technology has the potential to transform any industry, especially when we have multi-stakeholder environments, businesses and organizations such as in supply chain,” said Martín Hagelstrom, IBM Latin America Blockchain executive. “Working with SSP and its ecosystem of suppliers, distributors and more, can help us ease the pain points of the food industry.”

Last month, American giant food and drug retailer Albertsons Companies reportedly joined IBM Food Trust Ecosystem to trace the supply chain of romaine lettuce. Then, the firm intends to expand to other food categories.

Earlier this month, major research firm Gartner predicted that by 2025, 20% of the world’s top grocers will adopt blockchain technology to provide quality assurance of food products, reported by The Crypto Sight on May 3.

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