Blockchain Technology creates a safer, more transparent food supply chain
With a radically transparent digital supply chain, ripe.io delivers an unprecedented food quality network that maps your food's journey from farm to fork.
ripe.io leverages blockchain technology to create a digital food-supply chain that engenders accountability, transparency, and – ultimately – trust, between food producers, distributors, and consumers.
The global food supply chain is rife with complexities. A proliferation of available food products combined with the rapid growth of diversified markets has resulted in disparate global flows of raw materials.
The need to satisfy variable consumer and governmental demands with respect to food safety, animal welfare, and environmental impact adds to the complexity.
Transparency throughout this process is crucial to the welfare of consumers.
The Centers for Disease Control and Prevention estimates 48 million people become sick annually from foodborne illness, leaving 128,000 hospitalized and killing thousands. Such tragedies may be avoided with integrated information systems that are accessible by all parties in the supply chain.
Participants in the food supply chain have little visibility; distributors, packers, processors, and retailers can never be certain of the characteristics or the source of their inventory.
Current information systems do little to demonstrate that the ingredients supplied are exactly as described and haven’t been altered with counterfeit products. Further, the enforcement of food safety and hygiene regulations is uniquely challenging, as raw materials exchange hands and are transformed into finished goods.
ripe.io approached us seeking a way to integrate these information systems through blockchain technology.
ripe.io turned to OCI to develop distributed ledger technology to enable data record and transfer while maintaining security and privacy.
We architected and developed a blockchain-enabled application that integrates existing data collection systems, enabling easy adoption across the supply chain.