Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Fishcoin application. (Image: Fishcoin)

Fishcoin becomes a utility token to help fight seafood fraud

Click on the flag for more information about United States UNITED STATES
Tuesday, March 06, 2018, 23:50 (GMT + 9)

Intel’s blockchain technology can aid to avoid seafood industry mislabelling and fraud, an issue widely spread all over the world.

Intel ensures that the core of blockchain technology is simply a secure, transparent way to record transactions, and a number of companies are looking for ways to apply it to the seafood supply chain.

This new technology is implemented through Fishcoin, a utility token that creates an incentive for data capture in various forms, beginning with key data elements captured and communicated by fishermen and fish farmers for the purpose of traceability.

The creators of the Fishcoin Project -a blockchain based data ecosystem for the global seafood industry- point out that this utility token is not intended to hurdle seafood product trade. Instead, it is designed to incentivize the collection and input of data to help better manage resources.

“As the volume of data increases, efficiencies will be gained in the production and delivery of physical seafood goods, and with time, each mile of seafood supply chains will be transformed to become more sustainable, responsible and profitable. Fishcoin can be the reward for the millions of fishers and fish farmers who harvest the seafood we eat, as they harvest the data we need,” the company’s white paper reads.

This system implies that fishermen send a restaurant or grocery store information on the seafood they caught. This triggers a smart contract that transfers a certain number of Fishcoins into those fisher’s crypto wallets. The fishers can then use those Fishcoins to pay bills or buy cellphone minutes.

Fishcoin Project promoters point out that without these data, fish stocks cannot be properly managed, supply chain efficiencies cannot be substantially improved, cold chain and logistics services cannot be easily coordinated, and the world’s growing population, projected to rise by 37 per cent by 2050, could inevitably drive the seafood ecosystem to the point of collapse. Governments are aware of this problem and are introducing regulations.


[email protected]
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
Sweden
Apr 24, 03:00 (GMT + 9):
IN BRIEF - Eating more fish could prevent Parkinson's disease
United States
Apr 24, 03:00 (GMT + 9):
IN BRIEF - Escaped Atlantic salmon caught in drift-net on Skagit River
Thailand
Apr 24, 03:00 (GMT + 9):
IN BRIEF - Worms found in canned fish
Netherlands
Apr 24, 02:10 (GMT + 9):
Survey confirms ASC certification program benefits
Indonesia
Apr 24, 02:00 (GMT + 9):
IN BRIEF - Go extends aid to repatriated fishermen from Indonesia
Canada
Apr 24, 02:00 (GMT + 9):
IN BRIEF - FFAW calls for dismissal of FISH-NL’s certification application
United Kingdom
Apr 24, 02:00 (GMT + 9):
IN BRIEF - Scottish salmon farming petition signed by 30,500
United States
Apr 24, 02:00 (GMT + 9):
IN BRIEF - Fishermen catch lost gear in program using ocean trash for fuel
Saudi Arabia
Apr 24, 02:00 (GMT + 9):
IN BRIEF - Saudi shrimp prove to be a hit across the globe
United States
Apr 24, 02:00 (GMT + 9):
IN BRIEF - Algae bloom helps shellfish industry
Peru
Apr 24, 01:50 (GMT + 9):
Deputy Minister's departure was decided before negotiating with artisanal fishermen, says PRODUCE
Hong Kong
Apr 24, 01:30 (GMT + 9):
Greenpeace warns about microplastic high content in Hong Kong
United States
Apr 24, 00:30 (GMT + 9):
UK fishing firm to appeal against South Atlantic fishing licence decision
Spain
Apr 23, 23:50 (GMT + 9):
Over 100 kilos of eels destined to Hong Kong intercepted
Taiwan
Apr 23, 23:50 (GMT + 9):
Taiwanese fishermen argue EU imposes stricter rules due to protectionism



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Russian Fishery to set up pollock processing plant in the Russian Far East
Russia Fed. The Russian Fishery Company has announced plans to start setting up a fish processing factory at Nadezhdinskaya Priority Development Territory, close to Vladivostok, in the Russian Far East.
Foundation to award USD 950,000 for fisheries innovation projects
United States The National Fish and Wildlife Foundation has made a request for proposals focusing on innovation and supporting effective participation of fishermen and fishing communities in the implementation of sustainable fisheries in the United States.
Salmon cannery hopes to attract Australian consumers’ interest
Australia A new salmon cannery is to start operation in Perth, Western Australia, with the hope to bring life back to an industry that is struggling to stay afloat.
The British encouraged to consume jellyfish
United Kingdom The Marine Conservation Society has urged the British to start eating jellyfish in order to help save the UK's dwindling fish stocks.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2018 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER