Food companies implement blockchain in production

Cargill and Nestle are planning to prove quality by using cryptographic methods
23 November 2017   1190

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.

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   405

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.