INDEPENDENT NEWS

Blockchain Project Could Revolutionise Seafood Industry

Published: Mon 8 Jan 2018 01:12 PM
New Blockchain Project has Potential to Revolutionise Seafood Industry
Environmental organisation WWF and its partners have introduced revolutionary blockchain technology to the Pacific Islands’ tuna industry, the first of its kind for this region, to help stamp out illegal fishing and human rights abuses.
Tracking fish from vessel to the supermarket, the Blockchain Supply Chain Traceability Project is using digital technology in the fresh and frozen tuna sectors of the Western and Central Pacific region to strengthen supply chain management.
As part of an innovative initiative, WWF-New Zealand, WWF-Australia, and WWF-Fiji have teamed up with global tech innovator ConsenSys, information and communications technology (ICT) implementer TraSeable, and tuna fishing and processing company Sea Quest Fiji Ltd. to deliver the project in Fiji.
“We are so excited that WWF-New Zealand is a Blockchain project partner,” said WWF-New Zealand CEO Livia Esterhazy. “This innovative project has the potential to really improve people’s lives and protect the environment though smart, sustainable fisheries.”
“For years, there have been disturbing reports that consumers may have unknowingly bought tuna from illegal, unreported and unregulated fishing and, even worse, from operators who use slave labour.
“Through blockchain technology, soon a simple scan of tuna packaging using a smartphone app will tell the story of a tuna fish – where and when the fish was caught, by which vessel and fishing method. Consumers will have certainty that they’re buying legally-caught, sustainable tuna with no slave labour or oppressive conditions involved. Blockchain technology is a digital, tamper-proof record of information that is accessible to everyone.”
The buying and selling of Pacific tuna is currently either tracked by paper records, or not at all. Now fishermen can register their catch on the blockchain through radio-frequency identification (RFID) e-tagging and scanning fish.
“This is about helping people understand exactly where their food comes from – telling the story about the fish, the fisherman, the families, the crew – the path from ocean to plate,” Ms Esterhazy said.
Now steps are underway to find a retailer to partner in the project and use blockchain to complete the tuna’s traceability story.
ConsenSys, one of the leaders in blockchain development, is working with WWF and Sea Quest to test and implement the Viant blockchain traceability tool for the Pacific tuna industry.
“We are thrilled to be working with WWF and Sea Quest Fiji on this project, as ConsenSys has a keen interest in supporting applications of blockchain that offer an opportunity for social impact and doing good in the world,” said Tyler Mulvihill, Co-Founder and Global Business Development, Viant.io.
Brett “Blu” Haywood, the CEO of Sea Quest Fiji, welcomes the blockchain technology. “Sustainable fishing ensures the longevity of the fishing business, and Sea Quest wants to see sustainable fishing in the region. This blockchain project with the three WWF offices certainly gives the industry the best opportunity going forward,” Mr Haywood said.
The project receives technical support from TraSeable Solutions, a new technology company based in Fiji. CEO of TraSeable Ken Katafono said: “I am very excited to be part of this project, which I’m sure will lead the transformation of seafood supply chain traceability in the Pacific and potentially around the world”.
Note to editors:
1. Blockchain is a continuously expanding list of electronic records, called blocks, providing a way to record and transfer data that is transparent, traceable, easily auditable, and resistant to tampering or outages. This verifiable, digital record of information is accessible to everyone and includes details of where and when fish are caught and processed.
2. ConsenSys is a venture production studio, building decentralised applications and various developer and end-user tools for blockchain ‘ecosystems’, primarily focused on Ethereum. The ConsenSys “hub” coordinates, incubates, accelerates and spawns “spoke” ventures through development, resource sharing, acquisitions, investments and the formation of joint ventures. These spokes benefit from foundational components built by ConsenSys that enable new services and business models to be built on the blockchain. www.consensys.net viant.io
3. Sea Quest Fiji Ltd is based in Suva, Fiji, and is a vertically-integrated company of eight licensed longline fishing vessels, and Sealand Processors Fiji Limited, a local fish processing plant, and leading exporter and supplier of fish.
4. TraSeable Solutions is based in Suva, Fiji, and is an ICT (information and communications technology) focused on providing technology solutions for the seafood industry throughout the Pacific. www.traseable.com

Next in Business, Science, and Tech

Meridian spilled water to hike electricity prices - Authority ruling
By: RNZ
XE Data Update - RBNZ Official Cash Rate Decision
By: XE Money Transfer
Kiwis Ignore Promise Of Cheaper Power
By: Canstar Blue
COVID-19 Contributes To 1.6 Percent Fall In March Quarter GDP
By: Statistics New Zealand
Transmission Pricing For A Low Carbon Future
By: Electricity Authority
Investor Confidence Falls To Four-year Low
By: ASB Bank
Funding For R&D; In New Zealand – Expert Reaction
By: Science Media Centre
2019 Prime Minister’s Science Prizes Announced
By: Prime Minister Science Prizes
Fuel, alcohol costs to go up from today
By: RNZ
Young Kiwi Astro-photographer Shoots For The Stars
By: Stardome Observatory
Time For EU To Commit To A Level Playing Field For Trade
By: DCANZ - Dairy Companies Association New Zealand
Protecting NZ Fries As Part Of PNZ Pandemic Recovery & Transformation Plan
By: Potatoes New Zealand
Supporting Kiwi businesses to resolve rent disputes
By: New Zealand Government
Understanding 5G Concerns – Expert Q&A;
By: Science Media Centre
Record Monthly Surplus As Imports Dive
By: Statistics New Zealand
View as: DESKTOP | MOBILE © Scoop Media