OpenSC, an impact venture developed by the World Wide Fund for Nature Australia and BCG Digital Ventures, has raised $4 million in seed funding. Nestlé joins OpenSC platform for more transparent supply chain 23 July 2019 Consultancy.com.au Nestlé has become the first major food & beverage (F&B) company to try its hand at the OpenSC blockchain platform, developed as a collaborative effort between the World Wildlife Fund (WWF) and BCG Digital Ventures to make supply chain … The example provided by the WWF’s announcement is the fishing industry. Markus Mutz is creating a new method of supply chain tracking that could dramatically change the way we think about our next meal — and everything else we consume. We drive responsible production and consumption with supply chain transparency technologies. Blockchain technology, such as that used in the OpenSC platform, along … Download OpenSC for free. The OpenSC project allows the use of PKCS #15 compatible SmartCards and other cryptographic tokens (e.g. Make high-quality data available. For fish, that would include where it was caught, if the area is a verified sustainable fishing zone, and conditions along the supply chain. ... Tracking Sustainable Foods With the WWF-Australia’s OpenSC Project. Nestlé Partnered WWF’s OpenSC Blockchain to Track Food Supply Chains. July 13, 2019 2. Swiss multinational food and drink giant Nestlé will be using the OpenSC blockchain platform to allow customers to track their food back to the farm. WWF partners with BCG Digital Ventures to launch OpenSC supply chain visibility platform; Read the latest issue of Supply Chain Digital here! ... How relevant is blockchain in a supply-chain … The hope is that OpenSC … It … Business Blockchain HQ is a media website providing high quality content and research on blockchain technology for business professionals. IoT and blockchain technologies are simplify the supply chain and bringing food safer, faster, and cheaper to the table. OpenSC | 932 Follower auf LinkedIn We drive responsible production and consumption with supply chain transparency technologies. OpenSC facilitate the use of smart cards in security applications such as authentication, encryption and digital signatures.OpenSC implements the PKCS #15 standard and the PKCS #11 API.. The venture, co-founded by WWF-Australia and BCG Digital Ventures, will use the funds to further develop its technology platform for driving sustainable and ethical supply chains . OpenSC, a new blockchain-powered platform allows consumers to scan an OpenSC-enabled food product’s QR code to automatically be provided with details regarding where a particular product came from, when and how it was produced, and how it journeyed along the supply chain. Supply chain and logistics news. | Open supply chains are good for business, humanity & the planet. OpenSC is the result of a collaboration that brings together BCGDV’s expertise in corporate venturing and developing blockchain-enabled supply chain traceability solutions, with WWF’s 30 years of leadership in supply chain transformations to reduce environmental impacts. A robust planning process requires access to accurate, consistent and timely data. | Open supply chains are good for business, humanity & the planet. "The complexity and opacity of global supply chains can allow forced labour and human exploitation to happen unseen by corporations, and tools like OpenSC can shine some much-needed light." In addition to providing transparency about the origin of an item’s production, OpenSC helps optimise business supply chain operations, reduces costs, and enables producers to manage issues such as product recalls,” said BCGDV Managing Director and Co-Chair of the World Economic Forum Council on the Future of … It has built a platform that enables anyone to gain access to independently verifiable sustainability and supply chain data. In this study, a focus was put on blockchain-based technologies in the food supply chain by analyzing different cases and looking at their different technology components. This transparency technology allows participants in the supply chain to see instantaneously, and at a glance, where a product is in the supply chain, where it is headed, and additional information like under what conditions it was produced or stored in. It details how OpenSC is able to verify whether fishing has … A blockchain startup for ethical practices in supply management recently raised a total of $4 million in the form of seed funding. OpenSC is a set of software tools and libraries to work with smart cards, with the focus on smart cards with cryptographic capabilities. In simple terms, we help people and businesses to avoid illegal, environmentally-damaging or unethical products. OpenSC aims to drive increased responsible production and consumption through supply chain traceability and transparency technology. The project’s main goal is to deter the transfer of illegal, environmentally damaging or unethical products by providing more transparency and accountability to various stakeholders. OpenSC was formed in 2019 and is based in Sydney, New South Wales. Improved supply chain traceability and transparency technology unlocks a wealth of benefits for businesses committed to more sustainable and ethical approaches. OpenSC uses blockchain technology to track foods and other products through the entire supply chain process (from origin to consumer). Why you should listen Markus Mutz is the CEO of OpenSC, a social venture cofounded by the World Wildlife Fund (WWF) and BCG Digital Ventures. The venture recently received… The impact tech venture was developed in partnership with the World … 4. Nestlé Blockchain: Transparency in Supply Chain. OpenSC (stands for Open Supply Chains) is a digital platform that uses blockchain and other technologies to track food and other products. In September, blockchain-based product-tracking platform OpenSC (Sydney, Australia; www.opensc.org) — co-founded by the World Wide Fund for Nature and BCG Digital Ventures — received $4 million in seed funding to further develop its technology to trace, verify and share supply-chain data (Figure 2). OpenSC, an impact venture developed in partnership by the World Wide Fund for Nature Australia (WWF-Australia) and BCG Digital … OpenSC is driven by the conviction that what is good for the planet and humanity, should be good for business. At OpenSC we drive increased responsible production and consumption through supply chain traceability and transparency … Tagged: OpenSC. A press release from Nestlé depicts the company breaking new grounds with transparency in their supply chain.This appears to be a joint collaboration with OpenSC. OpenSC … In the longer term, the technology will also be tested on palm oil from North and South America. the Aladdin eToken) in … OpenSC | 933 followers on LinkedIn. OpenSC is a game-changer that massively increasees transparency and accountability. OpenSC also helps businesses optimize their supply chain operations and reduce costs by providing information about the temperature of food in storage. OpenSC was founded by WWF-Australia and Boston Consulting Group Digital Ventures. OpenSC was developed by the World Wildlife Fund Australia and BCG Digital Ventures. Sept. 19, 2019. OpenSC is a Blockchain platform that offers validation of product sourcing as well as sustainability data directly to its customers. About ... Open SC is a supply chain tool founded by World Wildlife Fund-Australia and California-based venture capital firm, The Boston Consulting Group Digital Ventures. There are various data entry points along a supply chain that are weak points.” The quality of the information provided by a system like OpenSC hinges on the accuracy of the data entered. OpenSC raises $4M in funding round for blockchain supply chain management. OpenSC which is a joint venture between World Wide Fund—the environmental protection group-and the Boston Consulting Group released a joint statement announcing that it had … The venture will use these funds to develop its blockchain platform, which helps track … While cleaning up master data is hardly a new topic, the ways in which … Dive Brief: Nestlé has announced the launch of a new open blockchain pilot with OpenSC, a blockchain platform that provides verified product sourcing and sustainability information directly to customers.While Nestlé has experimented with blockchain track and trace … OpenSC will then inform the user where the product came from, its journey through the supply chain, and most importantly, that the product was legally and ethically sourced. At OpenSC we drive increased responsible production and consumption through supply chain traceability and transparency … OpenSC - tools and libraries for smart cards. OpenSC is a blockchain-enabled platform for supply chain traceability and transparency, launched by BCGDV and the Worldwide Fund for Nature (WWF) in January 2019. This information can help producers manage product recalls and other … As part of promoting food safety, IBM Corp. has created its own supply-chain blockchain consortium called the IBM Food Trust. OpenSC, an Australian blockchain startup into sustainable and ethical supply chain tracking, has raised $4 million in a seed funding round.The post BCG Digital's blockchain supply chain startup OpenSC raises $4M … The pilot is tracing milk from New Zealand dairy companies that is shipped to the Middle East. OpenSC was co-founded by WWF-Australia (the World Wide Fund for Nature) and BCG Digital Ventures. 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