WWF to track quality of products using blockchain

World Wildlife Fund partnered with ConsenSys, TraSeable, Sea Quest Fiji and Viant to track quality of fish using blockchain, and prevent illegal fishing that can deplete the tuna population
09 January 2018   615

The World Widelife Fund for Nature, an international non-governmental organization, working in the field of the wilderness preservation, and the reduction of human impact on the environment, has announced its partnership with ConsenSys, communications technology partner TraSeable, tuna fishing and processing company Sea Quest Fiji, and blockchain company Viant.

The partnership was made in order to prevent the illegal fishing that can reduce the tuna population. SeaQuest Fiji will launch a verification system based on blockchain, which will record the "voyage of tuna from seafaring vessel to grocer, beginning with tagging the catch with radio-frequency identification e-tags".

From the moment the fish comes aboard the vessel the blockchain technology captures their journey in a digital manner and allows every person through the supply chain to see the story of that fish.

Brett Haywood

Chief executive officer, Sea Quest

The certification system, provided by blockchain-based platform for modeling business processes Viant aims to provide a detailed way to verify a fish’s journey from the ocean to the market.

We see blockchain technology as being able to step up the transparency in the supply chain, which previously was difficult or quite expensive to do.

Dermot O'Gorman

Chief executive officer, WWF Australia

It is reported that WWF is currently exploring the idea of blockchain technology and may apply it in other sectors of industry and fundraising initiatives, eventually aiming to use it more widely.

Binance to Partner with Chainalysis for AML

Use of Chainalysis KYT solution will allow to compile with KYC- and AML-norms and also simplify the process of opening bank accounts
18 October 2018   83

The largest exchange by daily trading volume Binance uses software from Chainalysis, called Chainalysis KYT [know your transaction], to monitor real-time transactions and identify transfers related to criminal activity. This is stated in a joint press release.

Cryptocurrency businesses of all sizes face the same core challenge: earning the trust of regulators, financial institutions and users. We expect many to follow Binance's lead to build world-class AML compliance programs to satisfy regulators globally and build trust with major financial institutions.

Jonathan Levin

Co-Founder and COO, Chainalysis

Thus, the use of software from Chainalysis not only guarantee compliance with the KYC- and AML-norms, but also simplify the process of opening bank accounts.

By working with Chainalysis, we are able to continue building a foundational compliance program that enables the next phase of our growth. Our vision is to provide the infrastructure for a blockchain ecosystem and increase the freedom of money globally, while adhering to regulatory mandates in the countries we serve.

Wei Zhou

CFO, Binance

Chainalysis KYT release was held in April.