Neogen Partners With Blockchain Startup to Improve Supply Chain Production

Ripe Technology, a company looking to improve supply chains with blockchain technology, is partnering with Neogen, a marketing and food solutions group, to improve the latter’s offerings with the former’s knowledge.

The goal here is to create an immutable history of livestock and other foods that the company manages to ensure that the process is being handled as safely as possible throughout the entire production cycle. This would limit dangerous scenarios such as food recalls or the safety of animals, according to a press release.

Speaking on the matter is John Adent, the CEO at Neogen:

“Blockchain has tremendous potential throughout the food and livestock industries, both to verify the authenticity of premium products, such as cage-free eggs, and enhance the traceability of issues that require correction, such as those that lead to product recalls.”

The supply chain is one of the lesser thought of benefits of blockchain technology – a space that many tend to apply to finance with projects such as Bitcoin or Litecoin. However, the supply chain use case has been gaining some ground lately, with groups such as the Air Force looking into blockchain to take advantage of. Also, an Australian ensurer recently announced that it would be trialing blockchain technology for beef exports, as InsideBitcoins has previously reported on.

Top brokers for buying and trading cryptocurrencies

  • Platform
  • Features
  • Rating
  • Visit Site
  • US-Friendly
  • Paypal accepted
  • 12+ cryptocurrencies

Visit Site
75% of retail investors lose money.
eToro Reviews

    eToro Reviews your account
    Hide eToro Reviews
    • Best broker for non-US countries
    • Trade crypto CFDs, forex and stocks
    • No withdrawal or deposit fees

    Visit Site
    80.5% of retail investors lose money.
    Plus500 Reviews

      Plus500 Reviews your account
      Hide Plus500 Reviews
      Remember, all trading carries risk. Past performance is no guarantee of future results.

      Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend.