Australian beef supply is now traceable via blockchain

JD.com integrated blockchain-based tracking on premium beef import from Australia
02 March 2018   416

Today, on March 2 Chinese online retail behemoth JD.com announced its expansion into Australia's exporters market with a strategic partnership. A leading Australian meat products exporter InterAgri is now collaborating with JD to bring premium beef to Chinese consumers - the demand and interest for such high-quality food has been increasing lately. What is particularly curious about the initiative is that both companies are eager to implement a blockchain-enabled traceability system.

Such measure will surely attract positive publicity and overall consumer satisfaction because by design this tracking system will be transparent on the matters of the origin of the beef and the handling conditions at every step of the supply chain: consumers will know where and how the animal was raised and how the meat was processed and transported.

We’re excited to partner with InterAgri to deliver this level of transparency to our 266 million customer base. We’re increasingly implementing blockchain-enabled traceability solutions to give consumers confidence that they are buying safe, reliable products for their families. Consumers in China don’t just want quality imported products, they want to know that they can trust how and where their food is sourced, and blockchain helps us deliver this peace of mind.

 

Chen Zhang

CTO, JD.com

This blockchain related project is not the first in the JD's portfolio: earlier a domestic team-up with Chinese meat producer Kerchin also incorporated the novel tracking approach. Also, JD participates in Food Safety Alliance along with Walmart and IBM. The blockchain system is set be online late Spring 2018.

The demand for premium Australian beef in China has exploded over the last few years, but we are still just scratching the surface of the addressable market. By partnering with JD.com, and tapping into its reputation for quality and ability to bring fresh food to the doorsteps of hundreds of millions of potential consumers, we’re unlocking a huge opportunity for Australian beef exporters to fulfil future generations of consumers in China.

 

Adrian McCorkell

Director, InterAgri

7 Accounts blocked by EOS BP without Going an Arbitration

EOS is facing another issue just days after its mainnet activation, as the newly elected block producers have frozen 7 EOS accounts on suspicion of being stolen
19 June 2018   50

The backlash began as the block producers did go over arbitration, an integral part of the EOS’s governance system. The critics are certainly questioning the credibility of the project. Jackson Palmer, the creator of Dogecoin and a well-known person in the blockchain industry, questioned the very governance process constructed by EOS and the role of EOS Core Arbitration Forum (ECAF).

The structure of EOS’s governance has been parted into 3 distinct groups - block producers, arbiters, and token holders. This separation resembles the executive, constituency, and judicial, of any governed system respectively. 

On 17 June 2018, the top 21 Block Producers unanimously agreed to protect property that may have been compromised through phishing attacks or other scams where member’s private keys were compromised. The EOS911 initiative was created by EOS42 as a way to prevent victims of private key theft from having their tokens lost once the 72-hour unstacking period ended following the EOS Mainnet Launch. Once that period ended, the thieves would be free to transfer the tokens wherever they’d like, rendering futile any recourse available to the community at this time.
EOS New York, in their recent post

So, in this case, the block producers did not go with the arbitration, rather they only conferred with them. Then the post added:

Foreseeing the process that would be required to act, EOS New York, on a call with BPs and BPCs, requested an expedited review of the merits of the case from ECAF (EOS Core Arbitration Forum) who was also on the call. The idea was that if ECAF found merit in the evidence provided, a formal ruling from ECAF would ask the BPs to “freeze” the accounts in question until such time that a thorough and formal review of the claims could be completed.
EOS New York, in their recent post

This is not the first problem EOS is facing amid its mainnet activation, as within 48 hours of that, the network suspended because of some bug. Though the error only led to a 5-hour network blackout, that is surely not something the team would have expected.