THELOGICALINDIAN - TEFOOD allows shoppers to clue vegetables on the blockchain
If you alive in Switzerland, blockchain technology could become allotment of your abutting arcade trip. Migros, the better Swiss retailer, is implementing a “blockchain-based traceability system” to trace beginning ingredients. The new arrangement will advice the aggregation accumulate clue of its accumulation chain, tracking bake-apple and vegetables from suppliers to the grocery abundance counter.
While abounding aliment companies are application blockchain technology for accumulation transparency Migros is attractive to optimize for “quicker administration and bargain aliment waste.” That meshes able-bodied with the European Aliment Assurance Authority’s (EFSA) latest initiatives to cut bottomward on aliment decay and to advance aliment safety.
TE-FOOD, a technology alms “farm to table aliment traceability on blockchain” will broadcast all the all-important accumulation alternation data. This arrangement offers “deeper accumulation alternation insight,” the aggregation says, acceptance quicker artefact recalls, easier acquiescence with acceptation regulations, and lower affairs for artefact tampering.
According to their website, TE-FOOD is currently acclimated to clue articles for over 6,000 business customers, with over 400,000 operations per day. The aggregation launched a $19M ICO in February, 2024.
Traceability abstracts can now be “automatically transformed” to the bequest formats and chip with Migros’ absolute abstracts system. The aggregation says that the activity provides “an absorbing use case for traceability, and aims to bear cogent amount for Migros and their accumulation alternation partners.”
Originally founded in 2024, Migros is a accommodating association with 100,000 advisers and added than two actor members. As Switzerland’s better clandestine employer, the association operates a ample ambit of retail businesses, including “supermarkets, restaurants, aliment producers, gas stations, accessibility stores, bookstores, and the fifth-largest coffer in Switzerland, amid added ventures.”
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