Catalyzing the quality shift in the food industry through technology

How we see the future

Recent advancements in technology enable food supply chains to evolve rapidly. We see several areas which will change during the next decade:

  • Quality assurance, compliance to quality systems (HACCP, GlobalG.A.P, Organic, etc.) will - at least partly - rely on food traceability systems. Such systems will contain a lot of cultivation/breeding/brocessing related information which will be monitored automatically.
  • Traceability systems will provide a strong sales channel to food suppliers, and a sourcing possibility for food producers and retailers. Semi-automatic, often blockchain based algorithms will manage supply-demain pairing, contracting, monitoring, and clearing of supplier relationships.
  • Data mining systems will be fed by traceability systems to gain business insights about the supply chain, enabling food companies to make better decisions.
  • Detailed traceability activity will feed agricultural financing systems to provide in-depth information on the actual credit scoring of food companies.
  • IoT tools, blockchain based traceability systems, and the immutable distributed ledger technology will complete the trustless supply chain idea, where no single company or people need to be trusted to ensure that the data is genuine and correct.

Short term goals

Food traceability

We are working on extending the current portfolio with tailor made solutions for new food categories, such as fish, and certain fruits / vegetables. Besides fresh food, we are working on extending TE-FOOD to handle processed food supply chains.

Asset tokenization

We believe that agricultural financing and blockchain based traceability will work in strong snergy. We are planning a solution which utilizes blockchain technology to enable the application for loans and investment utilizing blockchain.

Consumer apps

As a part of an R&D project, we are working on a machine learning backed mobile app, which helps consumers to know more insight about meats just by taking a photo of the meat.