Blockchain
Blocksyte And Caroli Are First To Announce Blockchain Traceability In Extra Virgin Olive Oil Supply Chain
Blocksyte, a SaaS-based blockchain supply chain application company focused on the food industry supply chain, and Caroli, the award-winning producer of high-quality, extra virgin olive oil, today announced the successful introduction of end-to-end blockchain traceability into the olive oil supply chain. Blocksyte’s SaaS-based application has been used to track Caroli’s olive oil shipment between Italy and the United States, monitoring real-time location, temperature, humidity, and light exposure, to ensure that the olive oil was handled under optimal conditions throughout its entire journey.
“We are excited to use blockchain to monitor our olive oil from the production facility through customs clearance and into our warehouses,” said Ben D’Antico, Co-founder and CEO of Caroli USA, Inc. “This ensures that our customers can be confident that they are paying for and receiving a premium product, which has been tracked from the bottling source.”
In its most recent shipment, Blocksyte provided Caroli with IoT (Internet of Things) sensors, reporting directly to a tamper-proof immutable blockchain record that its olive oil was shipped within the appropriate temperature range to ensure freshness. The Blocksyte application also measured humidity, detects potential tampering, and tracked the shipment’s exact location to make sure that nothing was misplaced along the journey.
“We applaud Caroli for its forward-looking approach to introducing Blocksyte’s blockchain traceability into its supply chain,” said Alan Pelz-Sharpe, Blocksyte CEO and Co-founder. “We look forward to expanding our relationship with the company as it increases its shipments to a growing clientele here in the US.”
Blocksyte and Caroli have plans to extend blockchain traceability from the point of production at Caroli’s estate in Martina Franca, in the Province of Taranto, where growing conditions are ideal for premium extra virgin olive oil. At the other end of the supply chain, Blocksyte will help Caroli ensure its shipments are received by its retail customers with proper handling. The companies plan to allow end consumers access to the blockchain record via a code on the bottle label to see exactly when it was packed and shipped, and from which locations, enabling true ‘farm to fork’ traceability.
Blocksyte and Caroli will be sharing additional insights at this week’s 2019 Summer Fancy Food Show, held at the Javits Center in New York, in Caroli’s booth #2248.
SOURCE Blocksyte
Blockchain
Oxbridge Re Reports Update on its RWA Tokenized Security, its Business and Third Quarter 2024 Results
Holds a reinsurance license and is regulated by the Cayman Islands Monetary Authority (CIMA).
Blockchain
SILEGX Exchange: The Rise of a Fintech Innovator
SILEGX Exchange
Blockchain
LAUD Announces Data-Driven Marketing Solutions to Empower Fintech Companies
-
Blockchain Press Releases7 days ago
Modern Lion and Hyundai Card Partner with NEAR Protocol to Revolutionize Concert Culture with Web3 Integration
-
Blockchain Press Releases6 days ago
Bybit and Block Scholes Uncover Post-Election Bullish Sentiment: Traders Lean Into Leveraged Longs Amid Stabilized Market
-
Blockchain7 days ago
Eric Trump to Speak at Bitcoin’s largest conference in Abu Dhabi this December
-
Blockchain Press Releases6 days ago
Canaan Upgraded Avalon Miner A15 Series with Superior Performance
-
Blockchain6 days ago
CertiK Co-Founder, Ronghui Gu, Delivers Keynote Speech at 2024 Singapore FinTech Festival
-
Blockchain7 days ago
PropW Announces Gold Sponsorship at WOW Summit Thailand
-
Blockchain7 days ago
Mauritius Financial Services Sector Report 2024: Competitive Environment, Local and International Influencing Factors, Industry Associations, Outlook, Industry Value Chain
-
Blockchain Press Releases6 days ago
Palapa Tap Tap Hero Game, Indonesia’s First Telegram-Based GameFi