A seafood traceability solution to track and trace the fragmented seafood market by ensuring end to end visibility of the entire supply chain.
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
There has been a spike in the consumption of seafood post COVID-19 wave and 20% of the consumer seafood is mislabeled
More than 60% of the seafood is lost in the supply chain.
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.
Seamless integration with the existing digital infrastructure and can be configured to the supply chain needs.
The multiple nodes hold the copy of the same data which makes it fault tolerant and can survive malicious attacks.
Using cryptographic hashes and encryption, data is written into the blockchain and cannot be altered, making it tamper proof.
Creates trust among participants as there is visibility in transactions across the supply chain and tracks data in real-time.
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.
Provides visibility of the entire supply chain journey of the seafood products and gain buyers confidence and trust.
The digital ledger makes it suitable to record all transactions between the players and provide an auditable record, thereby ensuring compliance to standards.
Blockchain records the journey from the ocean to the plate providing transparency and streamlines the processes followed.
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.
Leverage Blockchain enabled traceability platform for enhanced supply chain visibility
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