Omnichain in the News:
Omnichain’s Pratik Soni is featured in Food Safety Strategies Magazine about blockchain being used to track the process, and for consumers to see where their food is originating.
As industry adoption of technologies like blockchain becomes more widespread, it’s critical that organizations design food traceability architectures that are responsive against these six main use cases – food fraud, food safety and recalls, regulatory compliance, social issues, sustainability, and consumer information, he adds.
“Within this, businesses need to account for product identification, data sharing, and ultimately incorporating this system within their existing product process flow from origin to consumption,” he explains. “Blockchain in food traceability is ultimately a data sharing platform. So, in order to best integrate blockchain among supply chain partners, it’s important to align these efforts with other digitization initiatives. To be successful with blockchain traceability initiatives, integration needs to both accommodate existing business practices and leverage global traceability standards. This will help to further to ensure interoperability between supply chain partners.”
Pratik Soni, founder and CEO, Omnichain, Los Angeles, says that their best practice for integrating blockchain from farm to fark is by using a Blockchain-as-a-Service (BaaS) platform.