Blockchain

Australian agriculture supply chain launches on Hedera Hashgraph

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.

Oliver Knight

Londoner ‘Ollie’ graduated from Birmingham City University with a journalism degree in 2016. He combines his writing with his love of crypto and blockchain here at Coin Rivet, saying “It disrupts well-established institutions (banks) while giving an avenue to the less fortunate to achieve financial freedom.” Like all true Londoners, his pet hate is… “People standing on the left-hand side of the escalators on the Tube!”.

Disqus Comments Loading...

Recent Posts

Here is why Bitcoin is still a lucrative investment in 2024

Those who enter the market at this time may be surprised to hear that Bitcoin…

7 hours ago

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

15 hours ago

The surge of Bitcoin NFTs: Everything you should know about Bitcoin ordinals

From digital art to real-estate assets, NFTs have become a significant attraction for investors who…

1 month ago

MEXC Partners with Aptos to Launch Events Featuring a 1.5 Million USDT Prize Pool

Singapore, Singapore, 21st October 2024, Chainwire

1 month ago