Dynasty Farms and its partner Pacific International Marketing (PIM) have announced a joint project with iTradeNetwork, which aims to develop a food-tracking blockchain solution.
The idea behind this project is to combine iTradeNetwork’s blockchain solutions, and Dynasty Farms and PIM’s food products, in order to create a traceable record for each item sold.
With the increased level of security blockchain technology offers, many companies are now looking into ways to incorporate it into tracking solutions.
Food-tracking blockchains represent just one practical application of the technology. So far, iTradeNetwork and its’ traceability blockchain services have attracted big names in the industry like Nestlé and Kellogg’s.
What a food-tracking blockchain will bring to the table for Dynasty Farms is improved record-keeping. Not only that, but customers will be able to trust the origin of the products they consume.
Currently, Dynasty Farms manages products coming from more than 20,000 acres spread all over the state of California. Once the food-tracking blockchain is integrated, the company will be able to streamline its internal process, while boosting customer trust and satisfaction.
Thanks to iTradeNetwork’s participation in the project, Dynasty Farms, and PIM will also be able to introduce tech optimization across all levels of production.
Food-tracking blockchain services are becoming increasingly popular over the past several years. With the release of the IBM Food Trust back in 2017, blockchain confidently entered the food industry.
In the near future, blockchain solutions will become a norm in the industry, as the benefits they offer are undeniable, both for producers and for the end consumers.