Blocksyte announced its collaboration with Caroli to introduce end-to-end blockchain traceability for the olive oil supply chain. This development was on 23 June.
Blocksyte introduced itself as a blockchain supply chain application company focused on the food industry supply chain. Blocksyte also noted Caroli as the award-winning producer of high-quality, extra virgin olive oil. Blocksyte’s solution has been used to track olive oil shipment between Italy and the US. The many factors that were tracked were real-time location, temperature, humidity and light exposure.
Ben D’Antico, Co-founder and CEO of Caroli USA, Inc cited –
“We are excited to use blockchain to monitor our olive oil from the production facility through customs clearance and into our warehouses. This ensures that our customers can be confident that they are paying for and receiving a premium product, which has been tracked from the bottling source.”
Blocksyte sustained by adding that in the latest shipment, it provided Caroli with IoT (Internet Of Things) sensors that ensure recording to an immutable blockchain. Vital data such as temperature range is saved to ensure freshness of the olive oil. Blocksyte also informed that the application kept a tab on parameters like humidity and intuitively detects tampering. The supply chain company also noted that the shipment’s exact location was always tracked.
Blocksyte conveyed that it has plans to work with Caroli to extend blockchain traceability from the point of production at Caroli’s estate. Blocksyte noted that in converse, it would help Caroli to track if shipments are received by customers with proper handling. Blocksyte emphasized on its embrace with Caroli to foster blockchain traceability via a code on the bottle neck. Blocksyte added that all these measures were to ensure ‘farm-to-fork’ transparency.
In December last year, The Abu Dhabi National Oil Company(ADNOC) announced its collaboration with IBM, to test a pilot system for blockchain-based supply chain system. The system would help track the entire value chain of ADNOC. These include tracking, validating, and execution of transactions at every single stage.
Alan Pelz-Sharpe, Blocksyte CEO and Co-founder appreciated Caroli’s initiative to introduce Blocksyte’s blockchain into its supply chain. Alan expressed to build a relationship with Caroli as the latter’s presence and shipment increases in the US. Blocksyte wrapped up by conveying the industry engagements of Caroli and itself. Caroli is one of the most innovate and business success in the vegetable oil world. Blocksyte distinguishes itself by providing a private software as a service (SaaS) blockchain.