Large meat company JBS S. is facing the fact that it now uses blockchain technology to create a unique solution to the problem.

According to a report released by Reuters on September 23, JBS said it plans to launch a blockchain-based meat supply chain tracking system to ensure that livestock are not bought from farms known to have illegally harvested.

The company previously tracked only the last link in the meat supply chain, which means that some of the 50,000 farms in Brazil that do business with JBS can receive livestock from indirect suppliers responsible for illegal deforestation. A July report from the British newsletter Guardian claims that the company has been in contact with at least one indirect supplier who has already faced sanctions for shrinking parts of the Amazon to increase the size of rankings.

Following these reports, JBS CEO Gilberto Tomazoni said the company plans to monitor all indirect livestock suppliers by 2025 through its blockchain tracking system.

“At the moment, the company does not track indirect suppliers, and there is no company that can do this,” he said. “But we plan to fill that gap with technology.”

The meat processing company plans to start operations in 2021 in the Brazilian state of Mato Grosso, which is said to be responsible for 31% of Amazon’s deforestation over the past 20 years.

JBS has developed similar tracking software that delivers meat information to subsidiaries outside Brazil. In November last year, the company’s Australian subsidiary set up a ring-to-board system in partnership with Sydney-based startup Lumachain.

Source: CoinTelegraph

LEAVE A REPLY