FoodLogiQ, the leading SaaS provider of traceability, food safety and supply chain transparency solutions, together with a select group of customers, has announced the application of blockchain to raise transparency within their supply chains.
AgBiome Innovations, Subway Independent Purchasing Cooperative, Testo, Tyson Foods and others are partnering with FoodLogiQ’s innovation arm FoodLogiQ Labs to research the opportunities and challenges of this emerging technology within the food industry (launch date Q3 2018).
The FoodLogiQ Labs announcement comes on the heels of the company's $19.5million financing March 2018 to accelerate FoodLogiQ's rapid expansion across the food industry.
FoodLogiQ CEO Dean Wiltse said: “Over the years, input from our customers and partners has been invaluable in helping us make critical improvements to the features and functionality of FoodLogiQ's products, and the same will be true with our blockchain pilot. As a technology pioneer with a legacy of success in enhanced traceability for the food industry, FoodLogiQ will be taking the lead on blockchain exploration within the food space.”
FoodLogiQ Chief Technology Officer Charles Irizarry said: “Virtually everyone has heard the claim that blockchain will revolutionise business and redefine companies and economies, but it is in its infantile stage within the food supply chain. We are finding that companies are jumping into blockchain pilots without first understanding their business problems. We look forward to working with current and future blockchain pilot partners to help them navigate this complex landscape and collaborate on how blockchain can support their unique business.”