Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

WWF announces blockchain supply chain project in Pacific Islands’ tuna industry

Environmental organisation WWF and its partners have announced a blockchain project to address the problems of illegal fishing in the Pacific Islands’ tuna industry.

WWF-New Zealand, WWF-Australia, and WWF-Fiji have teamed up for the Blockchain Supply Chain Traceability Project. Other partners include blockchain venture studio ConsenSys, information and communications technology (ICT) implementer TraSeable, and tuna fishing and processing company Sea Quest Fiji Ltd.

Announced earlier this month, the project aims to leverage blockchain technology in the fresh and frozen tuna sectors of the Western and Central Pacific region to strengthen supply chain management. Switching from the existing paper-based process to a blockchain-based one would help to curb the rampant illegal fishing market.

“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,” said WWF-New Zealand CEO Livia Esterhazy. “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.”

ConsenSys is working with WWF and Sea Quest to test and implement the Viant blockchain traceability tool for the Pacific tuna industry. Fishermen would be able to register their catch on the blockchain through radio-frequency identification (RFID) e-tagging and scanning fish.

The project partners are now seeking a retailer to complete the tuna’s traceability story.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2018-08-22 00:44:42
0m

August 21 22:45 UTC Released

NZRetail Qrtly Vs Yr Ago

Actual

3.1 %

Forecast

Previous

3 %

August 21 22:45 UTC Released

NZRetail Sales Volumes QQ

Actual

1.1 %

Forecast

Previous

0.1 %

January 31 00:00 UTC 292389292389m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 292389292389m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 304209304209m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 292389292389m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 304209304209m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 292389292389m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 292389292389m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 292389292389m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.