Join Our Mailing List
Monday September 25, 2023
Bitcoin (BTC) $26,081.99   Ethereum (ETH) $1,569.91
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Blockchain Technology

Blockchain and disrupting the farm-to-consumer food chain

Published by CryptoNinjas.net
04/26/2018
Blockchain and disrupting the farm-to-consumer food chain

eHarvest Hub, a startup backed by one of the blockchain’s most famous investors in Tim Draper’s VenturesLab Fund is harnessing blockchain technology to improve the farm-to-consumer food-supply chain – cutting the cost of food to consumers, boosting prices to hard-pressed small farmers, and minimizing food waste. eHarvestHub will enable small farmers to sell directly to grocers from around the world.

Backed by Tim Draper’s VenturesLab Fund, the billionaire that bought Silk Road’s seized bitcoins from the US Government — eHarvestHub eliminates waste by speeding up the time it takes for food to arrive from farm to store. It also brings transparency to the food chain, allowing consumers to pinpoint exactly where their food came from and when it was grown.

A complex food chain

Struggling small farms across the world grow between 60% and 70% of the food we eat and independent owner/operator truckers move 90% of that production – yet these parties make the least profit.

Layers of middlemen and the big food conglomerates control the food supply chain because they can aggregate and arrange transport of food, leaving farmers and truckers isolated from the global food economy.

Consumers have little or no transparency about where their food comes from due to these multiple layers. And fraudulent food labeling is difficult to prevent as products from less desirable sources can be so easily added to safe product as it moves through the supply chain.

Meanwhile, because of the complex journey food takes, food waste costs the industry nearly one trillion dollars annually.

A smoother journey

eHarvestHub addresses these problems by bringing farmers, grocers, and truckers together in a virtual marketplace. The marketplace allows farmers to list their fresh produce and aggregates volume across multiple small farmers – essentially giving grocers one location to shop from and still meet their volume demand.

The marketplace gives farmers direct access to grocers both locally and abroad. Thanks to Blockchain technology at the heart of this marketplace, third parties are no longer needed to negotiate prices, organize distribution, or agree on transportation. After their food is sold, farmers can directly hire independent owner/operator truckers, much like UBER does with passengers and drivers.

As for grocers, with a click, they have direct access to a farmer’s inventory when sourcing fresh produce. Truckers, meanwhile, have a mobile app through which they can directly access loads without having to spend money or time on marketing. They get the opportunity to grow their business without the need of a broker.

eHarvestHub Founder and CEO Alvaro Ramirez said:

“The supply chain needs a radical change. It needs to be turned upside down. You must take care of the farmer and trucker first to radically decentralize the food chain. Blockchain is the perfect tech to change the food industry. In fact, it’s the only technology that can truly change the industry.”

Greater transparency

Blockchain’s timestamping of each event will help prevent food fraud by recording each party’s activities and making accessible all their required documentation.

Timestamping also helps to accurately forecast pickups and delivery times. This digital footprint provides grocers with the data they need to give consumers full transparency of their foods and quickly minimize the impact of contaminated fresh produce in the event of a foodborne illness outbreak. A faster response can prevent people from getting sick or dying.

71
SHARES
SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin

Related News

Fresh food marketplace eHarvestHub launches bounty program

05/14/2018
Food marketplace EHarvestHub launches bounty program

Decentralized fresh food marketplace eHarvestHub today announced its bounty campaign. Ahead of its pre-ICO later this month, it aims to attract a range of participants, from programmers to bloggers, to partake in the program....

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Blockstream releases new platform for Liquid-sidechain security token issuance

Blockstream releases new platform for Liquid-sidechain security token issuance

05/15/2019
Blockstream Mining Bitcoin

Blockstream launches bitcoin mining colocation and pool services

08/08/2019
Zilliqa blockchain combines incubation programs as it announces new grant winners

Zilliqa blockchain combines incubation programs; announces new grant winners

12/03/2019
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft launches new crypto exchange white label solution: ACE

06/27/2023
Maximize Your ETH Investment: The ETHphoria Vault by Pods

Maximize Your ETH Investment: The ETHphoria Vault by Pods

06/21/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy