$3.75 Billion Food Safety Company Teams Up with Ripe Technology to Create a Blockchain-Based Supply Chain Platform

• Neogen and Ripe Technology partner to increase food safety with blockchain technology

Neogen, a USD 3.75 billion food safety company that develops products that increase food and animal safety, has teamed up with blockchain startup Ripe Technology in order to build a blockchain-based supply chain platform that will track the production cycle of food in order to increase safety in the food industry.

Blockchain technology is ideal for tracking and analyzing supply chains since it provides an immutable and cryptographically secure ledger. In this specific case, blockchain technology can be used to permanently store the history of products and animals as they go through their entire production cycle.

For example, the blockchain can track the life and characteristics of a dairy cow, by recording the feed the cow eats, medical history, barn environment, and the quantity and quality of the milk it produces.

Ultimately, blockchain technology leads to shorter and stronger supply chains since inefficiencies in the supply chain can be identified more easily since all data is stored in a single immutable ledger. This leads to lower food manufacturing costs, as well as lower prices and higher quality products for the end-user. Further, this blockchain platform has the potential to increase food safety for end-users, since product recalls and contamination will be identified and handled more efficiently.

 

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