The uses of Ethereum are diverse due to the complex ecosystem that can be used in many industries around the world. One of the largest tuna fisheries in the world has announced the launch of a blockchain initiative to use the Ethereum Blockchain to control tuna supply worldwide.
The merger of 8 different states of the Nauru Agreement controls about 25% of tuna stocks worldwide and aims to ensure that a sustainable fishing concept is implemented to prevent stocks from falling. Thanks to the sustainable fishing method, the partnership even received the sustainability seal of the Marine Stewardship Council in 2011.
At the SeaWeb Sustainable Seafood Summit in Barcelona, the Pacifical marketing agency announced that as of the end of July, a blockchain initiative will be launched with the aim of monitoring the tuna supply chain worldwide through the use of the Ethereum Blockchain.
Maurice Brownjob, Marketing Manager at PNA, states that the platform is to be implemented in collaboration with Atato, a blockchain company based in Thailand. Ethereum Smart Contracts will be used in collaboration with the IPFS (Interplanetary File System) to implement Pacifical’s traceability solution.
The system should cover the entire supply chain and bring transparency and security to businesses, consumers and all actors involved in the catch:
“The system covers the entire supply chain and the entire product chain, capturing around 35 million tuna annually, 40% larger than in Europe. More than 200 million Pacific Pacific tuna consumers per annum in over 23 countries can soon be traced and verified by the Ethereum Blockchain. Environmental groups, retailers, consumers and certification agencies around the world will be able to check live on Ethereum’s public blockchain on how their sustainable Pacific tuna has been caught, from which captain, vessel, area and period, when and where was processed .”
This initiative will start with some fishing boats at the beginning and will gradually be extended to the entire fleet of more than 100 ships. The information collected in the global supply chain, from the fishing boat through the production process to the point of sale, should be stored in the Ethereum Blockchain after successful implementation. On the basis of the tracking code on the tuna packaging all information should be able to be read using a smartphone.
The following video shows how this system should work in detail:
This project shows once again in which areas of our life the blockchain technology can be used meaningfully.