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ARTICLE · 20 JANUARY 2020

Blockchain Developments In Olive Oil, Shipping, Media And Real Estate

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On Jan. 14, one of the largest producers of olive oil in the Mediterranean announced it would begin using blockchain to create a provenance record for its oils.

United StatesTechnology
Jordan R. Silversmith
Jordan R. Silversmith
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On Jan. 14, one of the largest producers of olive oil in the Mediterranean announced it would begin using blockchain to create a provenance record for its oils. The company announced it would use the Food Trust blockchain to provide traceability of its olive oils across eight quality assurance checkpoints, stretching from the retailer through the orchard where the olives were grown to the tree from which the olives were harvested. Starting with the company's most recent harvest, now being bottled, customers around the world will be able to scan a QR code on each label to view a provenance record. Since harvest began in November, data has been uploaded to the distributed ledger; bottles are expected to reach store shelves by March.

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