Telecom Giant KT Partners with Blockchain Developer to Enter Halal Food Sector 

Asia Blockchain Review
October 23, 2019
Telecom Giant KT Partners with Blockchain Developer to Enter Halal Food Sector 

South Korean telecom conglomerate KT is reportedly planning to develop a blockchain-based platform for use in authenticating halal food globally, according to a report from local news outlet Aju Business Daily. 

Blockchain System to Prevent Fake Halal Certificates

Halal foods are a dietary requirement under Islamic Sharia laws. The halal food industry is continuously growing, with many enterprises seeking to serve the global Muslim population requiring a halal certification.

To address this demand, KT will collaborate with the Korea Muslim Federation and local blockchain firm B-square to develop the Halal Certification Trust Platform. KT claimed that this system would help eliminate fake certificates in the industry. 

The platform is set to go online by the end of the year. It promises to streamline the halal certification and authentication process via blockchain and provide simple access for users on smartphones and computers.

Korean Wave Brings Opportunities for Businesses 

South Korean pop culture has paved the way for Korean food to enter the Middle East and Southeast Asia. Ramyun (instant noodles) and Samgyetang (ginseng chicken soup) are among the widely popular ready-to-eat food products from South Korea. 

Last year, instant ramyun brand Daebak launched its halal instant noodle products in Malaysia and managed to sell over two million packs within the first month following its launch.

Likewise, Samyang’s spicy hot chicken noodles were popularized throughout Southeast Asia via a social media campaign challenging people to eat Samyang’s spicy hot noodles. 

Source: https://bitcoinexchangeguide.com/ 


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