BeefLedger Launches Blockchain-Based Food Platform In China
November 13, 2019
BeefLedger Launches Blockchain-Based Food Platform In China
November 13, 2019

BeefLedger, an Australian blockchain firm, is launching a blockchain-based food provenance platform in China after rising demand for meat in the country. 

However, BeefLedger, a token-driven platform, allows beef importers, retailers, and wholesalers to pay for beef shipments with BEEF tokens. The token’s blockchain network will also store all beef-related information, from rearing to the finished product.

The information can be viewed by Chinese consumers to learn about details such as the provenance of the cattle and meat transport, as well as the health history of a cow.

Blockchain Supported by Government-funded Agency

Image Source: Asia Blockchain Review

Food Agility, an Australian Government-funded Research Firm, supports BeefLedger. In 2018, Food Agility, Queensland University of Technology, and truck insurer NTI have worked with BeefLedger to pilot a project to track beef exporting from Australia to China.

Apart from identifying the provenance of beef, the platform will monitor processes after slaughtering.

ALSO READ :  ConsenSys Announces Environment-Friendly NFT Platform, Palm

Warwick Powell, the Founder and Chairman of BeefLedger, stated: 

“We can secure data to track the conditions of transport, more accurately predict shelf life and use-by dates and connect consumers with producers. We are putting the systems in place that minimize the risk of ‘fake steak’ being delivered.”

Warwick Powell

It has been analyzed that BeefLedger has also teamed up with Chinese entrepreneurs to study Export Smart Contracts under the BeefLegends initiative and LibertyPost, a Beijing-based E-commerce Ecosystem Developer, to develop a digital feedback-loop between consumers and producers.

Thus, in the United States, BeefChain, the American firm, which is a member of the IBM Food Trust, is developing a platform for the ranchers. Other active blockchain beef traceability projects include a pilot for beef traceability in the North Jeolla province in South Korea and a blockchain system piloted by the Food Standards Agency at a cattle slaughterhouse in the United Kingdom.

Source: |


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Bitcoin Car Will Be Racing In Indianapolis 500 In May

Bitcoin Car Will Be Racing In Indianapolis 500 In May

Bitcoin car, the car branded with the Bitcoin logo, will be racing in circles against 32 others in this month’s Indianapolis 500. It has been reported by Jack Mallers, the CEO of Zap, that US racing driver Ed...

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.