Korea’s KT, NDS Developing Blockchain-Based Food Safety Platform

Asia Blockchain Review
July 28, 2019

South Korea’s largest telephone company, KT Corporation, and Nongshim Data System (NDS), a tech affiliate of the food and beverage company Nongshim, have signed an agreement to develop a blockchain-based food safety system to allow for greater transparency in the supply chain of agricultural products and processed foods.

According to a report by Cryptonews.com, the blockchain solution will keep precise records of the entire distribution process, from farms to store shelves. This service will enable the efficient regulation of the whole supply chain.

Distributed Ledger for Supply Chain Traceability

NDS has already demonstrated the efficiency and reliability of agricultural records that rely on distributed ledger technology (DLT). After testing the system on a meat distribution chain, the Nongshim affiliate reported that traceability times were greatly reduced from six days to less than 10 minutes.

The two companies announced that they plan to complete development of the platform by the end of the year, allowing customers to access full supply chain data by scanning QR codes on food products sold at supermarkets.

Other Blockchain Projects by KT

This collaboration with NDS is only the latest foray by KT in the blockchain space. The Korean telephone giant is expected to launch more DLT-based products, including its GiGA Chain BaaS (Blockchain as a Service) platform that was announced in March this year, as well as its cloud-based blockchain development services intended for enterprise use. 

In May, KT, in partnership with mobile healthcare solutions firm Lemon Healthcare, revealed it was developing a blockchain-based hospital platform service for sharing medical records between care providers.

More recently, KT announced that it was participating in a mobile authentication platform project using DLT in collaboration with its competitors SK Telecom and LG U+. 

Source: https://cryptonews.com 

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
Blockchain: Fine-tuning the Music Industry
Music might be in need of another tech disruption in the form of blockchain.

July 17, 2019

Graph Blockchain Secures Contract with South Korean Transport Ministry
The pilot project is for storing traffic data on a blockchain network as part of the Smart City nati...

July 13, 2019

Hong Kong, a Great Place for Blockchain Startups
It is quite evident that Hong Kong is quite rapidly developing to be a blockchain hub in the region ...

July 12, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us