Blockchain has the potential to build trust in the supply chain by creating a permanent, digitized chain of transactions that cannot be altered. This way, feed manufacturers, fish farmers, distributors and retailers can all access comprehensive product data in near real-time. Each member of the chain will download and use an app to scan each salmon lot at each point of receipt. Kvarøy Arctic can grant permission to distributor and retail partners, allowing them to see data about the grade of feed used, the population and density of the habitats the salmon were raised in, their age, harvest date and more.
“Blockchain is the future when it comes to ending fraud in the seafood industry. It is a level of transparency that shows our dedication to being the best of the best,” said Kvarøy Arctic CEO Alf-Gøran Knutsen. “The technology tracks a level of detail that helps us reduce food waste so we can feed more people in the world.”