Latif Ladid, President of IPv6 Forum has been busy working with industry experts to promote IPv6, 5G and blockchain technology. He is also working on a project that will improve the global food supply chain.
Ladid spoke on the sidelines at the IEEE Exeter Blockchain Event and said that his team was working on the future execution of a EUR12 million ($13.1-million project) called Cities 2030 in Europe.
This initiative was a collaboration of 40 partners. Stephan Nilsson is the founder and CEO of UNISOT. He spoke at Exeter about how blockchain can be used in food supply chains and how it can be combined with Bitcoin SV (BSV) and digital money for his recent projects which aim to transform the sector.
Ladid stated that his team would use Nilsson’s tracking software to implement the scheme in 11 European cities for the pilot run of the Cities 2030 project.
“We’re doing our first test in Belgium, where there is a lab that will use his software to trace and track products from the farm up the chain up to basically stores,” he stated, adding that consumers can now find out where their products originated by using QR codes.
Ladid stated that automation of supply chain tracking systems could reduce the likelihood of food being lost by half compared to current estimates. Recent studies show that around 20% of the food produced in America is lost in transit.
This project will help consumers track where their products came from and would reduce wasteful production that could lead to resource scarcity. He said blockchain is key to preventing such a disaster.
Ladid stated that “Blockchain” is a revolutionary innovation, noting that while many countries have the regulations in place to monitor their food supply chains, they lack the tools to use them.
“In this instance, if we put this blockchain in place, regulators would be able to identify the problem. He concluded that there was a lot of promise in this area.
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