The Spanish company will deploy IBM Food Trust platform for traceability of its products across the supply chain
The Nueva Pescanova Group has partnered with IBM to use its blockchain solution for the traceability of its seafood products.
Under the partnership, Nueva Pescanova will deploy the IBM Food Trust platform, a blockchain-based network.
The solution is developed to help ensure the traceability of the Spanish company’s products across the supply chain.
Founded in 1960, Nueva Pescanova is engaged in the fishing, farming, processing and marketing of fresh, refrigerated and frozen seafood products. Currently, the company sells its products in more than 80 countries on five continents.
IBM Food Trust is based on the Global Dialogue on Seafood Traceability’s (GDST) 1.0 standards, which allow interoperability between seafood traceability systems.
In addition, the GDST standards will help ensure the collection and digital recording of important data from each link in the value chain.
IBM’s blockchain network allows its members to see the data shared about the products based on their permitted levels.
Nueva Pescanova Group CEO Ignacio González said: “We fish, grow, process and market in a sustainable manner.
“Through this ambitious project we want to offer our consumers all over the world rigorous and detailed information on the traceability of our seafood products, from their origin until they reach their tables.
“Now is the time for businesses across the seafood sector to begin addressing the GDST standards.”
Nueva Pescanova’s project with IBM started with tracing two of its key operations that include shrimp fishing in Argentina and the cultivation of Vannamei prawns in Ecuador.
The two operations will be complemented by the company’s processing and marketing activities in Spain.
The IBM Food Trust platform is designed to improve interaction among producers, wholesalers and retailers and provide them with access to comprehensive product data in near real-time.
IBM Spain services head Javier Olaizola said: “Our platform brings together members of the entire supply chain, offering a space for the exchange and tracking of information on food products, designed to foster trust among users, since a digitized and transparent chain of transactions is created that cannot be modified.”
In February this year, IBM’s blockchain technology was chosen by Majid Al Futtaim, the operator of the Carrefour franchise in the Middle East, Africa and Asia, for food traceability across the stores.