Blockchain: the vaccine against future disruption in the seafood industry

Blockchain: the vaccine against future disruption in the seafood industry

100 organizations & governments have joined us to accelerate blockchain responsibly across supply chains. The widespread pandemic has resulted in unprecedented disruption across the industry, with entire fleets tying up, seafood businesses shuttering their doors, and product stranded across the globe.. Due to the nature of the global seafood supply chain and how the virus is spread, the supply chain is not expected to open up instantaneously.. The fallout from the pandemic is expected to last weeks or months, if not a year, and some businesses might never recover to pre-COVID levels.. The transparency technology allows participants in the supply chain to see instantaneously, and at a glance, where a product is in the supply chain, where it is headed, and additional information like under what conditions it was produced or stored in. Blockchain technology, such as that used in the OpenSC platform, along with IoT and machine learning, offers such benefits.. It will increase the efficiency of supply chain transactions in a way that better informs both producers and buyers such that they can make more informed and better decisions about how they run their business.. Given the profound and devastating impact this pandemic has had on the global