TROY – The global ethical food market is expected to grow to $728 billion by 2025. One company, TrustBix, is using blockchain technology to monitor and encourage food to be sustainably produced. There are two platforms used, BIX, which is the blockchain, and ViewTrak, which is the software. The company has been in business since 2014 and has had over six million livestock pass through its system.
A blockchain based data management platform that puts the #trust in sustainable food supplies
Sustainable food systems (also known as ‘ethical food supply’) are those that deliver food security and nutrition for all without compromising economic, social, and environmental issues. This means farmers, processors, retailers, and consumers all play a part to ensure food becomes a sustainable resource. The goal is to ensure sustainable food is produced using methods that protect the environment and the welfare of the people producing them.
The global ethical food market is expected to grow from $542.84 billion in 2020 to $727.86 billion in 2025, at a CAGR of 6%.Today’s company has developed a blockchain-based platform to monitor and encourage food to be sustainably produced and to bring trust and transparency into the agri-food industry supply chain.
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