LG Applies Blockchain Platform to School Lunch Programs

Asia Blockchain Review
July 19, 2019

LG CNS, a subsidiary of South Korean tech giant LG, has announced the development of a blockchain platform that will offer transparency for school lunch programs. The platform was developed in partnership with local IT service provider SayIT.

Blockchain Improves Traceability of School Lunches 

According to a report by business technology site ZDNet, the system is based on LG’s Monachain blockchain platform and will store information on the food’s production, processing, distribution, acquisition, and consumption. This allows parents and carers to verify the quality and nutrition of the food being served to their children at school.

A SayIT official said the move aims to improve student health, and it will collaborate with local governments to make the data publicly available.

“In the process of buying and selling materials, it is difficult to accurately check the date of origin and processing,” said the official. “These kinds of issues will be dramatically improved on a blockchain-based platform as all information is efficiently shared.”

Korean School Lunch Platform Opens Door to Advertising

LG CNS also plans to monetize the blockchain platform by allowing food manufacturers to advertise their products. These firms will be able to send ‘mobile flyers’ to users of the platform.

The LG subsidiary has also been creating a similar platform focused on recycling batteries used in electric cars on Jeju Island, South Korea. The platform provides traceability for car battery specifications, production date, inspection history, and distribution. This provides accurate information to customers on their battery life, thus enabling more efficient recycling. 

Source https://cointelegraph.com 


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Improving Grant Management with Blockchain Technology
    The U.S. Treasury Department and the National Science Foundation have developed a blockchain-enabled...

    January 27, 2020

    Dish Network Files Patent for Anti-Piracy System Backed by Blockchain
    Dish Network, a major television provider in the U.S., has submitted a patent application for an "an...

    January 27, 2020

    Concerns Raised over Unclear Definitions of Crypto-Assets in Crypto-Currency Act 2020
    A cryptocurrency bill being drafted in the US Congress has been criticized for its vague definitions...

    January 25, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us