Ant Fiscal Is Launching a Blockchain Application to Deal with Foodstuff Fraud


Ant Fiscal, a payments affiliate of e-commerce giant Alibaba, is poised to start its very own blockchain-as-a-support platform next thirty day period, together with a rice-monitoring application supposed to tackle counterfeit solutions.

Declared Tuesday, the company has partnered with the municipal authorities of the Chinese town of Wuchang to deploy a consortium blockchain for monitoring the full output approach of regionally grown rice.

Located in China’s northeastern Heilongjiang province, Wuchang is identified for the significant excellent of a specific form of nearby rice. Even so, about the earlier decades, news studies have revealed that offers sent from the region were sometimes mixed with rice of lessen excellent.

Commencing from Sept. 30, every bundle of “Wu Chang rice” marketed by flagship stores on Alibaba’s Tmall e-commerce platform will show a QR code that buyers can scan employing Alipay to get information and facts about the food’s origin.

Ant Fiscal stated its dispersed network is deployed amid collaborating nodes including flagship stores’ rice producers, Wuchang’s Bureau of Good quality and Technological innovation Supervision, logistics supplier Cainiao and the Tmall platform.

The purpose is to build a community ledger that is made up of unique information and facts for each individual rice bundle so that any information discrepancy with the counterfeit solutions can be effortlessly noticed.

“Individuals will be in a position to access output and logistics information and facts including the place the rice was harvested, which form of seed was utilized, and other facts linked with the harvesting, packaging and transportation of the rice,” the organization stated in the statement.

More, Ant Fiscal stated it expects to start its blockchain-as-a-support platform in September – opening up its blockchain growth resources for extra enterprises.

In April, Alibaba declared that it was trialing a diverse blockchain-dependent source chain application in get to reduce foodstuff fraud. That challenge is becoming carried out in partnership with Australian health care company Blockmores and New Zealand dairy products maker Fonterra.

Rice sacks impression through Shutterstock

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