Australian agriculture supply chain launches on Hedera Hashgraph

Hedera Hashgraph has teamed up with Australian agricultural supply chain platform Entrust

Australian agricultural supply chain platform, Entrust, has announced it will operate on Hedera Hashgraph, according to a press release shared with Coin Rivet.

Entrust was launched on Sunday by South Australian Premier Steven Marshall. It has an initial focus on securing supply chain growth and trust in the high-value wine and dairy manufacturing industries.

Hedera Hashgraph’s blockchain will ensure that Entrust can process geolocation and time-stamping at each stage of the agricultural supply chain in a timely manner.

Entrust’s Technical Director, Rob Allen, said: “Australia produces almost 2 million tonnes of winegrapes each year. As winemakers see the benefits of securing their Wine Australia Label Integrity Program data on Entrust, it is important the system is fast, cost-effective, secure and scalable.

“Owned and governed by supply chain heavyweights including IBM, LGE and Boeing, Hedera gives us immediate recognition globally and provides our customers with confidence that they are working with established distributed ledger players.  The platform will also scale with us as we expand into other agricultural verticals.”

Hedera CEO, Mance Harmon, commended Entrust for the transparency and accountability it is bringing to food supply.

“Entrust’s successful initial pilot with the wine industry, and strong early demand from other agricultural sectors, demonstrates the pent-up desire by producers and consumers to have more visibility into the provenance and lifecycle of our food and drinks,” Mr. Harmon says.

“We are pleased to be working closely with Rob and the team on such an important project, which highlights the visibility and trust that only a robust public distributed ledger can bring to an industry that affects us all.”

For more news, guides and cryptocurrency analysis, click here.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

Previous Article

What's the difference between SushiSwap and SakeSwap

Next Article

Panxora launches DeFi-focused hedge fund

Read More Related articles