Romana Food Brands Corp., Canada, announced plans to develop the next-generation blockchain food traceability and control application. 

Romana's blockchain will include information on conditions at the production facilities, tracking of food items and volumes in the supply chain, to name a few features. 

"Romana's development of the next-generation blockchain for food traceability and control is a true catalyst to sustainable shareholder value," says Morrie Fogelbaum, chairman. "Romana's blockchain solution will not only provide our food operation a competitive advantage, but [also] the licensing of our blockchain technology to some of the leading brands of the world will enable Romana to become a leader in the $16 billion application market.”