Decapolis raises $250,000 for its blockchain-powered food traceability platform

food decapolis traceability platform blockchain
  • Date: 07-Jun-2021
  • Source: Wamda
  • Sector:Technology
  • Country:Jordan
  • Who else needs to know?

Decapolis raises $250,000 for its blockchain-powered food traceability platform

Industry news, Real Estate, Financial Markets, Banking, Startups, Stock Exchange, Oil & gas, Technology, Professionals, Business news, Research

Jordan-based food safety and quality traceability platform Decapolis, has raised $250,000 from ISSF and Oasis500. 

The startup plans to deploy the fresh proceeds to attract new talent and improve its tech stack, with plans to expand into Saudi Arabia. 

Food safety-related issues can have a disastrous impact on a food business' brand and customer retention. Therefore, maintaining high levels of quality and safety for finished products is a top priority for food businesses, yet a process fraught with complexities.

Jordan-based Decapolis, offers blockchain-based, compliance-as-a-service (CaaS) software that enables end-to-end food traceability; thus helping food suppliers maintain high levels of food safety compliance.

Decapolis has recently raised $250,000 from Innovative Startups and SMEs Fund (ISSF) and Oasis500. The new proceeds will go towards hiring and improving the platform's capabilities. Decapolis has also plans to expand to Saudi Arabia.

The startup looks to enhance collaboration and information sharing between audits and all stakeholders involved in the business, according to Abedalrhman Habashneh, founder CEO of Decapolis.

As an ex-food manufacturer, Habshneh said that he suffered a lack of consistency when it came to sharing data related to food safety.

From a wider perspective, the entire economy is impacted by the failure to