Swiss Blockchain Project Foodcoin Ecosystem Starts Partnerships with Food Businesses

Swiss Blockchain Project Foodcoin Ecosystem Starts Partnerships with Food Businesses

by April 12, 2018
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The idea of blockchain has huge potential to be implemented in real life, and one of the most promising areas is food and agriculture. There are a number of blockchain projects related to food, which are launching their own cryptocurrencies, and some of them are striving to attract food businesses and farmers. One of them, FoodCoin Ecosystem, is already collaborating with food producers to optimize the supply chains and offer tools for quality assurance.

FoodCoin Group AG is a blockchain company based in Lucerne, Switzerland, which started in 2017. Their development team is working on developing their own blockchain, which is going to be the base for several tools: the product origin identification system PRORID, the smart contract library Smaco, as well as cryptowallet Wallok and payment processing system DiPay.

turmeric

In March, FoodCoin has started partnerships with UK Company The Turmeric Co. and German Company ALDIM GmbH. Both of them plan to open their online shops on FoodCoin’s early adopter 1000ecofarms.com, accepting FOOD for payment.

The founder and CEO of The Turmeric Company, Welsh football player Thomas Hal Robson Kanu, cares about the quality of his product and seeks to bring its production to a new level of technology.

“…a big issue within the food industry is food pretending to be something it is not. The system which FoodCoin is implementing will ensure that across the supply chain you can guarantee that whatever produce or supply you are receiving, you know exactly the history of where it has come from.”,

Hal explains.

German company ALDIM GmbH is a producer of canned food. Their products are sold across several countries of Europe, Asia, US, Australia and New Zealand. CEO of Company ALDIM GmbH, Mr. Alexander Schnekenhaus believes that new technologies must always be followed to achieve the best product quality, and blockchain today is the best opportunity for that.

Mr. Alexander Schnekenhaus

Mr. Alexander Schnekenhaus

 

“[FoodCoin] platform links people, which you do not know personally with so-called “proven-trust”… That is what makes it convenient for us.

The second side is convenient for customers. The customers will know that the producer has passed all the checks and they do not have to bother and just use the product.”

 

The implementation of FoodCoin blockchain is an important step in the popularization of blockchain and revolutionizing the food industry. FoodCoin Ecosystem has experience working with small farmers as well. Russian farmer Yuri Smirnov started using FoodCoin platform to sell honey. In the nearest future, US farmers will also use this feature.

The founder and CEO of FoodCoin Ecosystem, Gregory Arzumanian believes that these tools will be attractive for farmers and food producers, and this successful experience should encourage other companies. Currently, FoodCoin is negotiating with several Swiss agricultural and food companies regarding the integration of their supply chains into the blockchain.

The next step for FoodCoin is to expand its integration with 1000ecofarms. This project is an early adopter of FoodCoin aimed to provide farmers a marketplace where they can find customers and market their products. They are launching a referral program to attract new farmers on this 1000ecofarms platform.

 

Disclaimer: this is an article written by Foodcoin, Fintechnews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Fintechnews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Please note this is no investment advice.

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