Australian beef supply is now traceable via blockchain

JD.com integrated blockchain-based tracking on premium beef import from Australia
02 March 2018   585

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

OKEx & Kraken to List Bitcoin SV

Kraken notes that Bitcoin SV doesn't meet its usual listing requirements
19 November 2018   50

OKEx Bitcoin exchange, charged holders of Bitcoin Cash with BCHABC and BCHSV coins. Bidding for each asset is available in pairs with Tether USD, Bitcoin, Ethereum and OKB token.

Note that futures, margin trading and fiat pairs will remain unavailable for new assets. The withdrawal of coins is also closed indefinitely.

In turn, the Kraken exchange assigned the BCH ticker to the Bitcoin ABC chain, but also made a decision on the listing of Bitcoin SV (BSV).

WARNING: Bitcoin SV does NOT meet Kraken’s usual listing requirements. It should be seen as an extremely high risk investment. There are many red flags that traders should be aware of:

  • No known wallets supporting replay protection (be careful!)
  • No support in major block explorers
  • Miners apparently subsidized or operating at a loss
  • Representatives threatening and openly hostile toward other chains
  • Chain’s survival may be mutually exclusive with other chains
  • Supply is temporarily constrained because of limited wallet support
  • Some large holders have indicated they’d be dumping everything ASAP
  • Kraken has done only very minimal code review

Custodial losses taken on due to attacks originating from nChain or its affiliates will be socialized among all BSV holders on Kraken. Given the volatile state of the network and threats that have been made, Kraken cannot guarantee perfect custody of BSV.
 

Kraken Team

BSV trading will be available in pairs with Bitcoin, fiat USD and Euro.

Meanwhile, the BSV rate in the last 24 hours fell by almost 30%, dropping below $ 90.