FoodLogiQ tests blockchain with clients

Food logistics SaaS provider FoodLogiQ has brought together a number of its clients to do a blockchain pilot that aims to test how the distributed ledger system could boost transparency within the food supply chain. The group of customer businesses involved include AgBiome Innovations, Subway/Independent Purchasing Cooperative, Testo and Tyson Foods.

FoodLogiQ aims to improve its blockchain solution with input from its customers as many have “heard the claim that blockchain will revolutionise business and redefine companies and economies, but it is in its infantile stage within the food supply chain,” said FoodLogiQ chief technology officer Charles Irizarry. “We are finding that companies are jumping into blockchain pilots without first understanding their business problems.”

The pilot is set to begin in the third quarter of 2018.