Snack companies are openly celebrating 4/20 thanks to DOGE

Since Slim Jim began furiously promoting Dogecoin on Twitter in February, the number of followers on its account has quintupled. United States-based meat snack Slim Jim is the latest food brand to jump into the crypto space by promoting the meme-centric cryptocurrency Dogecoin. In a tweet today, Slim Jim announced it was launching its own nonfungible token, or NFT, featuring the Dogecoin (DOGE) Shiba Inu on the face of the moon underneath a rocketship with the body of the slender meat snack. The NFT offering follows a fury of tweets since February — the sheer number of which might even make Elon Musk jealous — in which Slim Jim has posted pro-DOGE memes, messages, rocketships, and crypto-related hashtags in advance of Doge Day to its more than 96,200 followers.  Since it’s #Doge420 I gotta say that it’s been an honor to be a part of all the insane memes, the all-powerful and always positive #DogeArmy, and the mission to #DoOnlyGoodEveryday We’re going to do a lot of good together and you better believe, we’re just getting started — Slim Jim (@SlimJim) April 20, 2021 At the time of publication, the highest bid on Slim Jim's NFT, available through the OpenSea online marketplace, is currently 0.06 Ether (ETH), or roughly $136.

What Coinbase CEO, Paris Hilton & McDonald's Have in Common? NFT

Paris Hilton. Source: A screensot, parishilton.com You may think that major crypto exchange Coinbase CEO Brian Armstrong, celebrity socialite Paris Hilton, and the fast-food giant McDonald's would have almost nothing in common - but non-fungible tokens (NFTs) unite people and organizations from all walks of life.

Millionaire Who Lost Fortune in Bitcoin Partners With Fast Food Giant for BTC Giveaway

A software entrepreneur who lost 7,002 Bitcoin is partnering with fast-food giant Chipotle Mexican Grill to give away free crypto to restaurant customers.

Free Bitcoin: Major US Fast Food Chain Chipotle Giving Away $100K in BTC to Celebrate National Burrito Day

Chipotle Mexican Grill says it is giving away bitcoin and free burritos to celebrate National Burrito Day.

Australian government offers $6M in grants to innovative blockchain teams

The Australian government has made two grants of up to $3 million available to blockchain teams targeting minerals certification and excise taxation solutions. The Australian government has opened applications for grants  up to $3 million each in funding to blockchain projects targeting supply chain tracking in the minerals industry and tax tracking in the food and beverage sector. Applications are open until April 29, with any sole trader, partnership, publicly-funded research organization, or entity incorporated in Australia that possesses an Australian Business Number eligible to apply. The money will be used to fund two distinct pilots.

Taco Bell Enters Crypto Art Craze, Selling Food-Themed NFTs to Digital Foodies

California-based fast-food chain Taco Bell is entering the booming non-fungible token (NFT) marketplace.

Chicken and greens: $97B retail firm uses IBM blockchain to track food supply

Multinational retail giant Carrefour will use IBM's blockchain tech to track two major food categories as part of a growing reorganization of global supply lines. IBM’s food-tracking blockchain technology will be used by the Carrefour multinational retail firm to track food supply lines from the farm to the store.

Topps Garbage Pail Kids Blockchain Collectibles Can Be Found at Target and Walmart

The popular trading card company Topps has just launched the “2021 Garbage Pail Kids Food Fight” series today, and the trading card packs are being sold at Target and Walmart stores.

Pricing Gold, Food, and Altcoins With the BTC Denominator: How to Measure an Asset’s Worth in Bitcoin

On February 21, bitcoin touched a lifetime price high at $57,844 per unit after the crypto asset’s market valuation crossed the $1 trillion zone for the first time in history the day prior.

PancakeSwap becomes the first billion-dollar project on Binance Smart Chain

PancakeSwap takes advantage of lower costs on the Binance Smart Chain to become the second-ranked DEX by volume. PancakeSwap (CAKE) has emerged as a rising star in the decentralized finance (DeFi) sector with the recent surge in price helping the food-themed token become the first billion-dollar project on the Binance Smart Chain (BSC). Data from Cointelegraph Markets and Tradingview shows that the price of CAKE has risen 520% since reaching a low of $1.89 on Feb.

New Crypto Asset Surges 1,463% in Just One Month – Here’s Why This Food-Themed Project Is Gaining Serious Adoption

A relative newcomer in the decentralized exchange (DEX) space is witnessing massive trading volumes, with its native token skyrocketing as high as 1,463% in the past month.

It’s time to put the dukes down and work together for blockchain’s future

Blockchain’s further success is contingent on the establishment of a strong free market and positive competition. Humans over the centuries found themselves quarreling with each other over everything from food to land to ideology, only to later find themselves at peace and cooperating.

Analyst Warns Crypto Traders Not to Be Whale Food As Bitcoin Price Plummets

Crypto trader and analyst Lark Davis says whale games are at play as Bitcoin takes a nosedive below $34,000.

Burger Flippening: DoorDash IPO Instantly Exceeds Ethereum Market Cap

It is “IPO season” in the stock market, and among the companies going public for the first time, is food-delivery firm DoorDash.

Venezuela ramps up Bitcoin payments for imports from Iran and Turkey

Venezuela President Nicolás Maduro claims the country will “use all the cryptocurrencies in the world” to bypass US sanctions. According to an investigative report from RunRun.es, Venezuela intends to increase its use of Bitcoin to pay for imports to bypass financial sanctions imposed by the United States. RunRun.es, which was founded by Venezuelan investigative journalist Nelson Bocaranda, cited anonymous sources from the country’s central bank who claim that “payments to companies from allied countries such as Iran and Turkey have been made using Bitcoin.” It is unclear, what these imports consist of, however, Turkey and Iran currently provide the country food and fuel in exchange for gold. Venezuela President Nicolás Maduro's government has promoted its state-issued, purportedly oil-backed ‘Petro’ cryptocurrency as a means of exchange both internationally and domestically since launching the token in 2018.

Pizza Hut Now Accepts Bitcoin, Ethereum in Venezuela

Thanks to a partnership with Cryptobuyer, Pizza Hut’s customers in Venezuela can now pay for their food using Bitcoin, Ethereum, and other cryptocurrencies.

Pizza Hut to accept Bitcoin for pies in Venezuela

Fast food chains like Burger King and Church's Chicken already accept crypto payments in the South American nation. A famous US-based pizza chain has begun accepting cryptocurrency payments in all its stores in Venezuela. According to a Nov.

Undetected Inflation: Your Money Devalues Faster Than You Think

Marshall Reinsdorf is a senior economist in the International Monetary Fund (IMF)’s Statistics Department and past president of the International Association for Research in Income and Wealth. ____ Lockdowns, working from home, and physical distancing caused people to spend larger shares of their household budgets on food and housing, while fewer people bought nonessentials,

Bitto and YFSwap's YFBTC and YFETH tokens can remove the bad-taste of Food-DeFi tokens

While DeFi tokens such as Yearn.

'Game changing' blockchain program tracks mangoes in Australia

"The impact of this project will extend beyond the mango industry,” said CRCNA CEO Jed Matz. Following a 2.5 year-long pilot program, an Australia mango producer is scaling up its use of blockchain technology for supply chain traceability. According to the Cooperative Research Centre for Developing Northern Australia, or CRCNA, the organization partnered with leading Australian mango producer Manbulloo and traceability software company Trust Provenance to test a supply chain management program across their supply chain and distribution centers in Queensland and the Northern Territory.

McDonald’s, Starbucks and Subway Deny Testing China’s New Digital Currency: Report

The American food and beverage chains McDonald’s, Starbucks and Subway have not participated in the ongoing field test of China’s digital Renminbi (RMB), reports say.  Despite previous reports stating that McDonald’s, Starbucks and Subway are three of the 19 companies that will be participating in the pilot test of China’s digital RMB in the Xiongan […] The post McDonald’s, Starbucks and Subway Deny Testing China’s New Digital Currency: Report appeared first on The Daily Hodl.

Starbucks and McDonald’s reportedly not testing China’s digital yuan

Starbucks and McDonald’s are reportedly not part of the 3,000 merchants piloting China’s CBDC. American fast-food giants like Starbucks and McDonald’s are reportedly not participating in China’s ongoing digital yuan tests. According to an Oct.

US Homeland Security Funds Anti-Forgery Blockchain Projects in Latest R&D Round

The five companies will use DLT in food tracing, essential worker licensure, overhauling the Social Security Number and tracking e-commerce.

CoinDesk Live: Inside the Ethereum Economy

Why all the hype behind yield farming and food-inspired tokens? Should investors take them seriously or are they a fading trend?

Blockchain-backed food supply chain management solves the problem

Blockchain tech provides opportunities for progressive food enterprises to be more competitive and contribute to sustainability measures. Food supply chain management, or FSCM, has long been put forth as a low-hanging-fruit application in the enterprise blockchain space.

Survey: Over 70% Have Spent Crypto For Goods And Services

Over 70% of survey participants have used their cryptocurrency holdings to buy food, clothes, or pay rent in the past twelve months.

Dinner is served: Here’s what DeFi’s food-meme tokens bring to the table

Food-themed meme tokens are the latest craze in the DeFi world.

Yam plans protocol overhaul despite first successful V3 rebase

Despite Yam’s first post-relaunch rebase executing successfully, its developers are planning many more changes to the protocol. Yam, the decentralized finance (DeFi) sector’s original food-themed clone protocol, has successfully completed its first rebase since its V3 relaunch. Yam’s relaunch on September 18 followed the spectacular failure of Yam V2 last month — where a bug in the protocol’s unaudited code rendered governance impossible after only two days by rebasing the token’s supply 10 times higher than its design intended. The Yearn.finance style protocol describes itself as “an experiment in fair farming, governance, and elasticity,” with Yam seeking to maintain a peg of 1 yUSD per token through adjusting or ‘rebasing’ its supply at 12-hour intervals.

YAM Finally Finds Fertile Ground After Successful Rebase

Yam Finance’s successful monetary exercise yesterday marks a new start to DeFi’s original food-based token.

South Australian food and wine tracing platform teams up with Hedera

The Australian government-backed supply chain traceability platform Entrust is launching on Hedera Hashgraph. The Australian government-backed agricultural supply chain platform Entrust has announced it will operate on Hedera Hashgraph — a distributed ledger platform claiming a transactional throughput of 10,000 transactions per second. South Australia’s premier, Steven Marshall, officially launched Entrust on September 20, describing the platform’s initial focus as protecting the wine and dairy manufacturing industries from counterfeit fraud in the global markets, and driving efficiency savings across agricultural sectors. Entrust is a software-as-a-service platform that tracks the movement of primary products (such as wine grapes) across the local agricultural supply chain, as well as the supply chain of the secondary manufactured products (in this case, the wine itself.) Geolocation, time-stamping, and other key data is immutably recorded to Hedera Hashgraph, and is accessible via web browser or mobile application. The beta platform is currently being trialed by more than a dozen companies based in South Australia’s Clare Valley wine region, and is tracking the movement of more than 250,000 liters of wine.

VeChain Joins Leading Health and Safety Alliance in China, Will Be Sole Blockchain Provider

Enterprise blockchain platform VeChain is joining hands with the China Animal Health and Food Safety Alliance (CAFA) to become the consortium’s sole blockchain provider.

VeChain to Supply Blockchain Tech for Chinese Food Safety Group That Includes McDonald’s

The VeChain Foundation has become the first blockchain-based entity to join the China Animal Health and Food Safety Alliance (CAFA) and will work with members to trace supply chains in the country.

VeChain offers services to 130 firms in China as food safety alliance member

The platform plans to assist in "building a from-farm-to-table traceability system" across China. The VeChain Foundation has joined the China Animal Health And Food Safety Alliance as a council member.  According to a Sept.

Major Asian bank issues credit on SCB-backed blockchain

Blockchain is helping companies from Vietnam and Thailand settle trades more smoothly. The Asian Development Bank (ADB), headquartered in the Philippines, has settled its first letter of credit (LC) transaction using the Standard Chartered-backed Contour blockchain network. The trade was a part of ADB’s trade and supply chain program and involved Standard Chartered and the Bank for Investment and Development of Vietnam. ADB’s trade settlement also marked the first blockchain-based cross-border LC transaction between Vietnam and Thailand.  According to a Global Trade Review report, the trade involved a $50,000 plastics shipment sent from Thailand’s SCG Plastics Co Ltd to Vietnam’s Opec Plastics Joint Stock Company. Although ADB did not specifically mention how blockchain added to the efficiency of the trade settlement, Steven Beck, the bank’s head of trade and supply chain finance, said that the use of blockchain has made trade more efficient while reducing risk and lowering the barriers to entry for small and medium-sized businesses in developing parts of Asia. Social distancing measures implemented worldwide due to the ongoing pandemic has proven the importance of trade digitization, driving many major entities involved in international trade and supply chain to implement blockchain in a bid to digitize operations, set aside paperwork and resume business. The London-based multinational banking firm Standard Chartered also conducted the first blockchain-based trade in Bangaladesh, introducing the South Asian country to blockchain innovation. Cointelegraph previously reported that Australia’s National Blockchain Lead Chloe White from the Department of Industry had suggested that blockchain could help combat food and wine fraud that costs the country almost $1.7 billion every year.

DeFi Dump Begins as Top Tokens Shed 50% in a Week

The DeFi food farming frenzy appears to have started to freeze over as some of the top tokens in the sector take heavy losses. The post DeFi Dump Begins as Top Tokens Shed 50% in a Week appeared first on CryptoPotato.

Just Eat adds Bitcoin payments for 15,000 restaurants in France

The price of Bitcoin will be calculated depending on its current price on Bitpay and the delivery platform. Just Eat, a major British online food order and delivery platform operating across 13 countries, has added cryptocurrency payment support for its France subsidiary. The company has partnered with the cryptocurrency payment provider Bitpay to allow its users to pay in Bitcoin (BTC).

Cryptocurrencies Now Accepted for 15,000 Restaurants in France on Just Eat

Food orders from over 15,000 restaurants in France can now be paid with bitcoin and a number of other cryptocurrencies through a major online food ordering website, Just Eat.

Food ordering company Just Eat France now accepts Bitcoin payments 

Customers in France can now pay in Bitcoin when they order from Just Eat France which is an online food ordering company and a part of the UK based Just Eat group.

Just Eat Now Accepting Bitcoin Payments in France

Customers can now pay with Bitcoin for food deliveries from over 15,000 restaurants across France, using delivery service Just Eat.

SushiSwap head chef dumps tokens; plans to focus on migration

Chef Nomi left some food on the table. On the heels of skepticism of the project, SushiSwap project head, Chef Nomi, dumped SUSHI tokens over the weekend. In a series of tweets, the anonymous personality Chef Nomi claimed converting SUSHI tokens is meant to move the project away from doubts on its migration from Uniswap to SushiSwap.  “I did the recent move because I care about the community.

Blockchain can combat Australia’s $1.7B food and wine fraud problem

Food and wine fraud costs Australians $1.7 billion, but government and industry experts say blockchain could be the solution A supply chain forum featuring local experts and government officials has advocated using blockchain technology to fight the $1.7 billion worth of food fraud annually harming Australia's primary sector. Blockchain Australia deputy chair Rob Allen moderated the online panel discussion on Sept.

United Nations FAO: Blockchain, IoT and Robotics Can Foster a Sustainable and Profitable Global Seafood Economy

The Food and Agriculture Organization (FAO) of the United Nations views blockchain as a game-changer for the global seafood sector.

$4000 To $1 In 5 Minutes: DeFi HOTDOG and Pizza Present Free Fall on Their First Day

With new DeFi food-themed tokens emerging every day, the industry is getting slowly polluted by pump and dump schemes of cloned platforms and 3-digit APY promises. The post $4000 To $1 In 5 Minutes: DeFi HOTDOG and Pizza Present Free Fall on Their First Day appeared first on CryptoPotato.

DeFi meme coin Hotdog dumps 99.9% in hours after launch

Food themed DeFi project Hotdog dumps from $4,000 to $1 in five minutes.

120,000% APY On The New Trending DeFi KIMCHI But There’s a Catch

Another day brings another food-related token offering in the world of DeFi, and today’s forked platter contains Kimchi. The post 120,000% APY On The New Trending DeFi KIMCHI But There’s a Catch appeared first on CryptoPotato.

Bermuda and Stablehouse Join Forces To Launch New Stablecoin

The government of Bermuda has teamed up with stablecoin platform Stablehouse to launch a test pilot program for a stablecoin, which the territory calls a digital stimulus token, allowing purchases of food and other essential products, as well as services from participating merchants and retailers.

Bermuda Teams with Stablehouse to Launch Digital Stimulus Token Pilot 

A small handful of the island’s merchants and residents are testing out a new Bermudian Dollar Token to buy food and other essential items.

Blockchain platform connects Indian farmers to UAE food industry

Agriota E-Marketplace may give farmers in India more access to the UAE’s multi-billion dollar food industry. Food industry officials in the United Arab Emirates may soon have a blockchain-based supply chain to obtain agricultural products directly from India. According to an Aug.

Federal agencies turning to blockchain for its benefits

Even the FDA uses blockchain Federal agencies have turned to blockchain for its transparency, efficiency, security and flexibility. According to FedTech magazine, several federal agencies like the US Food and Drug Administration, or FDA, and the Department of Treasury began using blockchain. Officials in the US Food and Drug Administration needed an effective way to help them track data on the H1N1 swine flu virus that had begun to spread again in 2017.

Dubai’s Free Zone to Bridge the UAE-India Agriculture Trade Gap with Blockchain

Dubai Multi Commodities Centre has established a blockchain agriculture trading and sourcing platform to link India's rural farmers with the UAE food sector.

Singapore to Attempt Blockchain Food Safety System

The NULS blockchain-powered system will help the import-heavy island nation avoid a potential food safety crisis.

Blockchain tech’s multipurpose role in driving global advancement

With globalization progressing rapidly across all industries, let’s look at how blockchain tech is implemented in global advancement worldwide. Since the advent of blockchain technology in 2008, we have seen an ongoing sense of fortune, and several industries have been, and still are, grateful participants.

Farmer demanded £1.4 million of Bitcoin in Tesco blackmail plot

Nigel Wright, Lincolnshire, tried to extort £1.4 million ($1.8 million) of Bitcoin after adding metal shards to baby food

British Farmer Attempted £1.4M Bitcoin Extortion from Tesco by Contaminating Baby Food

Nigel Wright, a 45-year-old sheep farmer from Lincolnshire, England, has been accused of trying to extort Bitcoin worth £1.4 million, approximately $1.8 million, from retail giant Tesco.

Sheep Farmer’s Alleged Baby Food-Based Bitcoin Extortion Attempt Thwarted

File this one in the “stranger than fiction” category. A resident from Lincolnshire, United Kingdom, was accused by local authorities of attempting to blackmail the supermarket chain, Tesco. According to The Yorkshire Post, Nigel Wright, a sheep farmer, allegedly wrote Tesco a series of letters claiming that he had planted contaminated baby food in their supermarket stores.

USDA Proposes Blockchain Ledger for Organic Product Supply Chain

The USDA’s Agricultural Marketing Service is proposing the department utilize DLT to trace the supply chain of organic products. The US Department of Agriculture has proposed amending its rules on organic products to include implementing blockchain technology to trace its supply chain. According to an Aug.

VeChain’s Latest Blockchain Application Makes Food Safer

The VeChain Foundation announced a blockchain-based food safety solution based on its Blockchain-as-a-Service platform, ToolChain. VeChain’s newly released tool offers a suite of whitelabel services that will allow the food sector to implement on-chain safety management services.

Tracing Fishy Risks With Blockchain Tech Amid the COVID-19 Pandemic

The COVID-19 pandemic has highlighted challenges in global seafood supply chains, and blockchain tech may help improve them. COVID-19 is the most devastating plague to ravage humankind this century.

Hyperinflation Hits Lebanon: Food Prices Soar 200%, Biggest Crisis Since Civil War

Lebanon has entered hyperinflation, the first country in the Middle East and North Africa to do so.

IOHK and BeefChain Team Up to Answer ‘Where’s The Beef?’

The IOHK and BeefChain partnership will trace beef from ranch to consumer, fighting beef fraud and improving food security. The team behind Cardano (ADA) blockchain, IOHK, have partnered with Wyoming-based BeefChain to utilize blockchain technology to improve food traceability and security. IOHK, which relocated to Wyoming in 2019, announced the partnership at the Cardano 2020 virtual event.

LG Shows off Blockchain-powered Farming System at Seoul Metro Station

Source: LG U+ South Korean electronics giant LG has created a very public showcase for its blockchain-powered food and agriculture traceability platform – at one of Seoul’s busiest subway stations. Per Paxnet, LG’s telecoms subsidiary LG U+ and its IT services arm LG CNS have teamed up for the venture, which will see the companies create a “smart farm” within Sangdo Subway Station.

US Government Considers Blockchain as a Stepping Stone to Smarter Food Security

The US government, through its federal agency the Food and Drug Administration (FDA) mandated with protecting the country’s food supply and public health, has earmarked blockchain as one of the technological innovations that will prompt traceability and a food safety culture.

US FDA Considers Blockchain for Food Security

The US Food and Drug Administration has announced it will study blockchain technology to aid in smarter food security. The United States Food and Drug Administration (FDA) released a blueprint and pilot study for food safety, highlighting blockchain as a viable option for some of the identified challenges.  The blueprint, released earlier this week, breaks down some of the challenges facing food distribution throughout the country and looks at how smart technologies could solve them: “Our world is evolving at a breakneck pace.

Price Analysis 7/15: BTC, ETH, XRP, BCH, ADA, BSV, LINK, LTC, BNB, CRO

Select altcoins are showing strength and if Bitcoin price perks up a fast paced, market-wide rally could occur. The People’s Bank of China (PBoC) is rumored to be working with food delivery giant Meituan Dianping and ride-hailing application DiDi to test the digital yuan.

Blockchain Bites: BitLicense Feedback, Digital Yuan Trial and How US Bills Could Threaten Privacy

A mega food retailer may trial the digital yuan, an a16z alum is launching a VC firm focused on distributed tech and Ethereum's new client is "basically ready."

J.M. Smucker Uses IBM Blockchain to Trace Coffee Beans for 1850 Brand

Smucker will use a blockchain to trace Colombian coffee beans while letting consumers make donations to coffee farmers in Colombia. The J.M.

Coffee Giant Behind Folgers, Café Bustelo Taps IBM for Track-and-Trace Blockchain

IBM is giving its blockchain track-and-trace capabilities the social-impact treatment with a provenance application focused on coffee.

Tencent-Backed Food Delivery Company to Test China’s CBDC

China's CBDC to be tested on a platform operated by Meituan Dianping, a company backed by the investment giant Tencent Holdings.

China to Test Digital Yuan on Food Delivery Platform With 435 Million Users

China’s central bank may test digital yuan on Meituan Dianping’s food delivery platform with 435 million users. The People’s Bank of China (PBoC) is planning to add the Tencent-backed food delivery giant Meituan Dianping to its list of platforms that will test real-world use cases of the digital yuan. Meituan Dianping is a Beijing-based food delivery platform that currently boasts of more than 435 million active users and billions of dollars of daily transactions.

China to Test its CBDC on Tencent-Backed Platform and Other Domestic Firms to Break Dependence on the US

China’s central bank has taken another major step forward toward the digital yuan’s mass adoption with its testing on food delivery giant Meituan Dianping.

China to Test Digital Yuan on Tencent-Backed Food Delivery Platform

Now three Tencent-backed companies are setting themselves up to become early-stage testers for China’s digital yuan initiative.

Another Chinese Giant, Meituan Dianping, Might Test Digital Yuan – Report

The rollout of China’s much-discussed central bank digital currency (CBDC) is getting one step closer, as the People’s Bank of China (PBoC) – the country’s central bank – is said to have entered into discussions with a giant online food delivery platform for a trial of the digital yuan. Citing “people with direct knowledge of the matter,” a Bloomberg article

Blockchain Could Help to Boost Global Jobs Creation

The World Economic Forum believes that blockchain could contribute to a $365 billion savings by 2030 by reducing food loss and waste in the food supply chain. A report published by the World Economic Forum, or WEF, highlighted the critical role of fourth industrial revolution technologies.

Blockchain Tech to Help Spanish Cider Makers Fight Counterfeits

Spanish cider companies are integrating blockchain to fight against counterfeit cider products and over-production.

Low Ether Volatility: No Trader Interest or Calm Before the ETH Storm?

Although Ether has seen its transaction volumes surge and active addresses skyrocket, its price has failed to spike in the past month. Media magnate Steve Forbes recently criticized cryptocurrencies for their volatility, saying that one day they can be a steak, and the next day they can turn into dog food.

Major Indian Farmer Producer Organization to Use Blockchain for Supply Chains

One of India’s largest farmer producer organizations plans to use blockchain to help farmers receive higher pay. One of India’s largest farm producer organizations (FPO), Sahyadri Farmers Producer Co, is integrating blockchain into its business process. FPOs are member-based institutions of farmers that are the result of a government-led initiative.  The organizations help fars sell agricultural produce at the most advantageous prices.  Local news outlet The Hindu Business Line reported that Sahyadri will use blockchain for its supply chains to increase efficiency and transparency in the traceability of food products. A win-win for customers and farmers The founder of Sahyadri, Vivek Shinde, said that in the present scenario, farmers get only 25% of the final price of sold goods.

Food and Cash Shortages Push Cubans Toward Permissionless Cryptocurrencies

The Nation of Cuba is dealing with a national food crisis, as Venezuela has stopped offering aid to the small island nation.

Report: $300B Worth of Food Will Be Traced Using Blockchain and IoT by 2027

A report claims that the global food industry could save over $100 billion annually by implementing blockchain and IoT technology. Blockchain technology and the Internet of Things (IoT) can solve some of the food industry’s most pressing challenges and save it $100 billion a year, according to a recent report by Cointelegraph Consulting and VeChain. The report forecasts that $300 billion worth of food items will be traced along the supply chain annually within seven years. Major Food Safety Incidents.

Alibaba’s Plan to Digitize the Services Industry to Rival Tencent Involves Blockchain

Alibaba subsidiary Ant Group CEO Simon Hu accelerating Alipay’s progression into an online mall for commerce, food, travel services to rival Tencent Holdings Ltd.

IBM Spawns Blockchain for Norwegian Salmon Fisheries

IBM is teaming with the Norwegian Seafood Association to create a blockchain-based track-and-trace system for Norway's sustainably farmed salmon.