While blockchain technology has been around for more than a decade, its popularity caught fire with the rapid rise of cryptocurrencies. However, the food and beverage industry has been slow to adopt it, particularly in the supply chain.
Even though blockchain maturity is several years away, now is the time for companies to become educated on how it can lead to vast improvements in the food supply chain.
Blockchain provides a way to digitize every step of the supply chain through a distributed, connected ledger, linking all records from source to shelf.
ripe.io is working to improve transparency for food origin, quality, traceability, flavor, sustainability and safety.
September 12, 2018
Ripe Technology, Inc., better known as ripe.io, San Francisco, completed a $2.4 million series seed financing round led by Relish Works, Chicago, and Maersk Growth, the Denmark-based venture capital arm of Maersk.
Foodservice distributors are responsible for bringing product from Point A to Point B in the safest, quickest and most energy efficient manner possible, all while maintaining product temperature and integrity.