Industry partnership tightens supply chain security

A Belfast-based transparency and food security firm has announced a partnership that will help strengthen food integrity.

arc-net, which has developed a cloud-based platform which utilises blockchain systems to communicate food provenance, will go into partnership with PwC Netherlands to combine knowledge and expertise and increase food security.

PwC highlighted that food fraud costs the global economy in excess of $40 billion a year, equating to an extra $5 per week on the average weekly shop. Furthermore, research from the World Health Organization showed that almost one in 10 people worldwide get ill from eating contaminated food.

The blockchain platform hosts product data and provides access to strategic product and supply chain insights.

“PwC have a rich track record in providing leading-edge expertise and insight to manage chains, navigate complexity and unlock value for their customers,” said Kieran Kelly (pictured), CEO of arc-net.

“We are extremely confident that this partnership will allow both the arc-net platform and PwC to deliver on our joint commitment to enhance the security and integrity of the food we eat.”

Hans Schoolderman, partner at PwC, added: “Where many start-ups and others discuss and research the power of new technologies, the arc-net platform offers a proven solution, based on the power of blockchain that gives ultimate transparency on the safety, quality and integrity of food.

“The partnership allows us to bring arc’s breakthrough solution to our clients, helping them solve the important challenge of bringing high-quality, safe and transparent products to the market and improve the trust we have in the food we eat.”

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