International food safety firm Neogen Corporation has
partnered with Ripe Technology (ripe.io) to implement the latter’s blockchain
technology in food safety diagnostics and animal genomics.
Blockchain has the ability to significantly revolutionise
the food and livestock industries, the companies believe, as the technology
could be used to create the history of products and animals as they go through
their entire production cycles.
John Adent, CEO of Neogen, said: “Blockchain
technology has a lot to offer both our food safety diagnostic and animal
genomic customers, as the technology permanently connects a tremendous amount
of potentially critical data, including results from Neogen’s tests, to a food
product or animal. There are countless potential benefits to adopting the technology.
“For example, the genomic profile of a dairy cow could
be connected with the feed the animal eats, its medical history, barn
environment, quantity and quality of the milk it produces,” Adent added. “Blockchain
can serve to optimise the entire supply chains of many of the markets that
Initially, the recently announced Neogen Analytics
platform will be separate from the blockchain technology. But later, the fusion
of the platform and blockchain would lay the foundation for advanced
data-driven decision for Neogen’s customers.
Last November, Juniper Research gave an optimistic viewpoint about blockchain technologies for the food industry, stating that it would save the market $31 billion by 2024. The figure comes from various hypotheses, the primary of which is blockchain’s burgeoning relationship with IoT technologies. The use of IoT sensors and trackers will reduce retailers’ costs by streamlining supply chains.
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Credit: Blockchain News