Aftermath Of COVID-19 in Seafood Traceability
Disruption in fish production, new regulations, and increasing consumer demand for safe products has made the seafood supply chain traceability the new norm with blockchain solutions.
Blockchain Traceability for Seafood Value Chain
A seafood traceability solution to track and trace the fragmented seafood market by ensuring end to end visibility of the entire supply chain.
Blockchain Traceability for Seafood Value Chain
A seafood traceability solution to track and trace the fragmented seafood market by ensuring end to end visibility of the entire supply chain.
Seafood traceability across the value chain
Need for sustainable fishing practices
More than 89% of the fish stocks are overfished or being fully exploited. Illegal, unregulated, and unreported fishing accounts for more than 700kg of seafood/second
Increased consumer awareness with respect to the quality of seafood
There has been a spike in the consumption of seafood post COVID-19 wave and 20% of the consumer seafood is mislabeled
Lack of solutions to control the pilferage of seafood
More than 60% of the seafood is lost in the supply chain.
How do TraceX Blockchain-powered solutions help?
TraceX has pioneered a solution that is specifically designed to cater to the seafood supply chain. The blockchain-powered solution provides the ability to track and trace the entire process from verifying the source of the fish, ensuring quality at the landing centers and processing centers to packaging and distribution.
Why is TraceX blockchain-powered traceability the most preferred solution?
CONFIGURABLE
Seamless integration with the existing digital infrastructure and can be configured to the supply chain needs.
DECENTRALIZED
The multiple nodes hold the copy of the same data which makes it fault tolerant and can survive malicious attacks.
IMMUTABILITY
Using cryptographic hashes and encryption, data is written into the blockchain and cannot be altered, making it tamper proof.
DISTRIBUTED
Creates trust among participants as there is visibility in transactions across the supply chain and tracks data in real-time.
Key Benefits
Track and Trace Fish Sources
Unique digital identities created for every batch of seafood provide a way to trace back to the source in turn helping authorities to verify for sustainability and authenticity.
Builds Brand Value
Provides visibility of the entire supply chain journey of the seafood products and gain buyers confidence and trust.
Compliance
The digital ledger makes it suitable to record all transactions between the players and provide an auditable record, thereby ensuring compliance to standards.
Digitize end-to-end Supply Chain Process
Blockchain records the journey from the ocean to the plate providing transparency and streamlines the processes followed.
TRACEABILITY ACROSS VALUE CHAINS
Livestock
Poultry
Dairy
Agri Produce
Agri Inputs
Seafood
Interested to know more?
Seafood Companies Diving into Seafood Traceability
The problems faced by Seafood industry, one of the world’s first and largest commercial enterprises in the food industry are overfishing, illegal, unreported, unregulated (IUU) fishing, and bycatch. Emerging solutions in blockchain-based food traceability address these practices.
Significance of Traceability in Food Safety
Learn about the critical role of traceability in ensuring food safety. Explore the significance of traceability systems like TraceX in tracking food products from farm to table, identifying hazards, and mitigating risks.
Harness the power of intelligent supply chains
Leverage Blockchain enabled traceability platform for enhanced supply chain visibility
Join the Traceability movement
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