Food companies implement blockchain in production

Cargill and Nestle are planning to prove quality by using cryptographic methods
23 November 2017   778

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.

Bittrex to List LOOM

LOOM is the token of the American startup Loom Network, which launches decentralized applications
18 July 2018   109

Popular cryptocurrency exchange Bittrex listed Loom Network token LOOM. 

As the team of the exchange said, trading with the crypto currency will begin in the near future. On the background of this news, LOOM showed a price jump fo 14%.

LOOM Price Chart
LOOM Price Chart

LOOM is the token of the American startup Loom Network, which is launching decentralized applications.

In January, Bittrex tightened the criteria for listing new tokens. Now, developers need to provide technical information about the token itself, as well as the data of at least one team member. At the moment, the exchange has 290 digital coins.