[ad_1]
One of the largest Japanese trading companies has officially announced the launch of a proof-of-concept system to set up a blockchain traceability system, according to a press release issued Feb. 1.
Itochu Corporation, a general trading company and one of the five largest companies in Japan, is currently developing a traceability system allowing buyers and sellers to record the date, time, place and other transaction details on the blockchain via a smartphone application.
PoC will use the Indonesian company Pt. The natural rubber supply chain of Aneka Bumi Pratama, a granular rubber processing and production company, is wholly owned by Itochu Corporation.
Visualization of the blockchain-based rubber supply chain. Source: Itochu press release
The press release stresses that the beginning of the new communication policy contributes "to the achievement of the 17 sustainable development goals listed in" The 2030 Agenda for Sustainable Development "adopted by the United Nations. He adds:
"The goal of developing a blockchain traceability system [is to ensure] stable supply and supply of raw materials for our investment companies and trading partners, thus improving the traceability of its distribution ".
The use of blockchain technology to trace different materials is widely used. Last October, Rwanda, the world's largest producer of tantalum, a metal used in consumer electronics, announced the creation of a partnership with a start-up blockchain to trace the exploitation of conflict metal, wrote Cointelegraph October 17th.
Last November, the South Korean government also announced plans to use blockchain technology to inform consumers of the food supply chain by tracing beef.
[ad_2]
Source link
