Food companies implement blockchain in production

Cargill and Nestle are planning to prove quality by using cryptographic methods
23 November 2017   1023

Since recently Cargill’s Honeysuckle White turkeys have a special code on their tags, which helps to identify farms from which birds have come. It was made possible by using a blockchain, where all the information about turkeys is ciphered with the help of cryptography.

It should be noted that the company decided to use a blockchain platform to show their belief in respectableness of family farmers. The blockchain includes information about farm, diet of the birds and conditions of turkey operations. Buyers can get not much information about the data, which the blockchain contains, only about the farm. But they in any case have an opportunity to surf and discover more about the particular independent family farmer.

Cargill wasn’t the first company to use such technology. In August representatives of Nestle, Dole and Tyson Food made a declaration that they would use RFDI-based systems to prove freshness and quality of their food and drinks. Mentioned companies collaborate with IBM for this purpose.

Boerse Stuttgart to Launch Crypto Trading Platform

SolarisBank has a license to provide banking services in Germany and will become the banking partner of the exchange
13 December 2018   83

In the second half of 2019, the second largest stock exchange in Germany, the Börse Stuttgart Group, with the support of fintech company solarisBank, will launch a platform for cryptocurrency trading.

The official press release notes that solarisBank has a license to provide banking services in Germany and will become the banking partner of the exchange.

At the initial stage, the platform will support Bitcoin and Ether, and in the future, various tokens that will produce its own ICO-service of the exchange and will also be available in secondary markets.

Access to the trading platform will be available to both retail and institutional traders, and it will differ little from the existing securities trading platform.

In addition, the Boerse Stuttgart Group is awaiting approval by the regulator for the launch of a multilateral trading platform for cryptocurrencies, which will allow to compare the applications of buyers and sellers using electronic systems.

In April of this year, Sowa Labs, the Fintech division of the Stuttgart Stock Exchange, reported on the work on the Bison application for cryptocurrency trading. Its launch was expected in September, but so far has not yet taken place.

SolarisBank is also a partner of the Bitwala blockchain-start-up, which on the eve announced the launch of its updated cryptocurrency service offering users a single bank account with support for Bitcoin and Fiat.