Home » Cryptocurrency News » Cryptocurrency News » USDA Proposes Blockchain Ledger for Organic Product Supply Chain USDA Proposes Blockchain Ledger for Organic Product Supply Chain August 10, 2020 0 Comments The USDA’s Agricultural Marketing Service is proposing the department utilize DLT to trace the supply chain of organic products.The U.S.Department of Agriculture has proposed amending its rules on organic products to include implementing blockchain technology to trace its supply chain.According to an Aug.5 report from the U.S.Department of Agriculture (USDA) Agricultural Marketing Service (AMS), the agency said it expects electronic tracking systems, including digital ledger technology (DLT), will play an “essential role” in the traceability of its supply chain of organic products.“DLT can provide secure, verifiable, transparent, and near-instantaneous tracking at the item level in complex supply chains,” the report stated.“Critically, DLT can also protect confidential business information and trade secret information by automatically restricting sensitive information to authorized entities.” However, the agency acknowledged that utilizing an emergent technology like DLT would require additional time and development before a system could be implemented in the organic food industry.
“Barriers to widespread adoption of an electronic tracking system include inadequate access to technology and connectivity in rural areas, acceptance of universal electronic standards (interoperability), and distribution of costs,” the proposed amendment stated.Test cases for supply chains The USDA report did not mention blockchain technology by name, but cited several pilot programs as references, including Walmart using blockchain traceability systems for mangos and pork, Swiss-headquartered food retail giant Nestlé testing a public blockchain for its milk supply chain, and U.S.-based seafood firm Bumble Bee Foods monitoring the supply chain of yellowfin tuna from Indonesia.Any individuals, businesses, or organizations participating in the global organic agricultural product supply chain that are not currently required to be certified under USDA’s existing program can review the proposed rule and submit comments before October 5.Share this: Ethereum 2.0 Pre-Release Kicks Off ‘Relatively Feature Complete’ Ethereum (ETH) has launched its first pre-release for phase zero of the network’s evolving transition to Ethereum 2.0, according to new post published to Ethereum’s github on Jan.31.The post notes that “this marks the first release in a series of weekly releases through February 2019.Phase 0 in v0.1 is relatively feature complete and… Fortnite Merchandise Store Starts ’Exclusively’ Accepting Monero as Payment Method Retail Row, the merchandise store for the online video game Fortnite, has started “exclusively” accepting Monero (XMR) as a cryptocurrency payment option, Monero tweeted Jan.1.Fortnite is an online video game released in July 2017 and developed by Epic Games, which reportedly accounts for more than 125 million players worldwide.In October 2018, Epic Games… Bakkt and Galaxy Digital Team-Up on New Institutional Offering Galaxy Digital’s trading engine will be paired with Bakkt’s custody services in a collaborative effort to meet institutional demand for Bitcoin.
1817 Total views 20 Total shares The Intercontinental Exchange’s digital asset custody and derivatives platform Bakkt has partnered with crypto asset manager Galaxy Digital to launch a ‘white glove’ service for institutions seeking Bitcoin… World Federation of Exchanges Says Crypto Terminology Needs Clarity Responding to crypto-related regulatory framework from the European Union, the World Federation of Exchanges, or WFE, called for clarity between digital asset and crypto asset classifications.“We believe there could be value in adopting a single EU classification which covers both: digital-assets and also crypto assets, as a subcategory,” the WFE wrote in response to questions… Binance CEO CZ: Crypto Growth Needs Entrepreneurs and Projects, Not ETFs The CEO of leading cryptocurrency exchange Binance, Changpeng Zhao, said that he doesn’t think Exchange Traded Funds (ETFs) “are core to our industry’s growth,” during a live stream via Periscope, Feb.6.Zhao — also known in the community as CZ — declared that the cryptocurrency industry will grow with or without the launch of a… Cryptocurrency News From Japan: April 5 – April 11 in Review This week’s headlines from Japan included GMO Coin unveiling Basic Attention Token (BAT) lending, Nitori using blockchain for furniture logistics, blockchain solution outfit, Ginco, receiving funding from DBJ Capital, Japan’s stay at home order impacting crypto businesses, and a representative from the Japan Restoration Association questioning crypto taxes.Check out some of this week’s crypto and… Tron Will Hard Fork in February to Add Institution-Friendly Features, CEO Confirms Blockchain development platform and BitTorrent owner Tron will debut a host of upgrades via a hard fork at the end of the month, CEO Justin Sun confirmed on social media on Feb.23.Tron, which presents itself as a competitor to Ethereum (ETH) for launching cryptocurrency tokens and other offerings, is preparing to increase its appeal… Report: Ripple Violates Coinbase’s Listing Rules Ripple (XRP) is reportedly violating one of Coinbase’s listing rules, even though the cryptocurrency exchange added support for the altcoin on the its Pro platform.
A Feb.26 report by blockchain research firm Diar states that XRP breaks one of Coinbase’s requirements to be listed on the platform.Specifically, in its “Digital Asset Framework,” Coinbase states… Scratch ‘Blockchain Island,’ Malta Now Wants to Become a Digital Enclave The Maltese government is continuing to break away from its once-prominent blockchain agenda, as it intends to take a more holistic approach toward digital economy development.In a recent interview with Cointelegraph, Kearon Bruno, chairman of Digital Economy Think Tank, an advisory body tasked with diversifying and consolidating Malta’s economic portfolio, said: “We’re moving away from [being… Leave a Reply You must be logged in to post a comment.Search.
