South Korea’s KT Teams with NDS on Blockchain Food Ecosystem

Asia Blockchain Review
August 8, 2019

KT, the largest telecommunications company in South Korea, has announced plans to expand its blockchain-backed food distribution ecosystem in collaboration with Nongshim Data System (NDS), an affiliate of local food and beverage firm Nongshim. 

As reported by TokenPost, the aim of the partnership is to improve transparency in the management of agricultural and livestock products through the application of blockchain technology in food distribution processes.

Ensuring Transparency and Food Quality via Blockchain

In a press release dated July 19, KT said such transparency would guarantee food quality and safety as the entire process – including production, processing, inspection, logistics, sales and consumption – would be managed via blockchain, thereby ensuring that the records remained unalterable.

KT also explained that consumers would be able to check key details about products, such as distribution routes, industry data, processors and intermediate distributors, using the barcode or QR code on the packaging.

KT and NDS plan to jointly establish a blockchain-backed food safety history management platform in the second half of 2019, combining blockchain development platform GiGA Chain Blockchain as a Service (BaaS) with NDS’ food history management solution.

Reducing Traceability Time and Introducing Techniques

Companies have found that, through the use of real-time recording and verification on all related transactions, traceability time was reduced from up to six days currently to less than 10 minutes.

In September 2018, NDS announced a project to apply blockchain technology to the food safety sector, noting that plans include introducing innovative techniques in South Korea in partnership with global food tracking solution providers, such as Ambrosus and TE-FOOD. 

Source: https://www.tokenpost.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
South Korea’s KT Develops Blockchain Halal Certification
Major South Korean telecom firm KT has announced its partnership with the Korea Muslim Foundation an...

October 18, 2019

WS Asia Pacific Opens New Office in Cambodia 
A new business consultancy with a focus on bringing small and medium-sized enterprise (SME) investme...

October 18, 2019

UAE Land Registry Makes Use Of Blockchain
The UAE government and private sectors are using blockchain technology to record and manage land reg...

October 18, 2019

Walmart Initiates Blockchain Project for Indian-sourced Seafood
Walmart has announced it is introducing a blockchain traceability project which will ensure the supp...

October 17, 2019

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