$3.75B Food Safety Company Lists Blockchain Endowment for Track Sourcing

Neogen Corporation, a publicly traded food security company with a market capitalization of $ 3.75 billion, is take in to Ripe Technology’s early food industry to track supply chains.

According to them, the two companies will work together to use the blockchain as a perpetual, unchanging way to record the entire food and livestock production process.

The new affiliation

Neogen is an international food safety company that supply testing kits and affiliated products to detect harmful substances in food, while Ripe launched in 2017 and aims to boost food confidence.

John Adent, CEO of Neogen, added:

“Blockchain technology has a lot to offer both our food safety diagnostic and animal genomic customers, as the technology permanently connects a tremendous amount of potentially critical data, including results from Neogen’s tests, to a food product or animal.

Raja Ramachandran, CEO of Ripe Technology (ripe.io) in his view that the company’s animal diagnostics and DNA expertise can deliver transparency and authenticity to the food supply chain. He believe this will revamp the food industry and increase food security for utilization to a whole new level.

Companies around the world are working to refine food welfare with blockchain

Furthermore, IBM issued a statement about a partnership with Raw Sea foods to digitize the supply chain for shells originating from the Red Sea Scallop Fishery between IBM’s Blockchain Platform. Nestle has also has announced plans for bringing blockchain to its product sourcing operation.

Source: cointelegraph.com

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