Extra virgin olive oil producer Caroli has partnered with Blocksyte to implement end-to-end blockchain traceability into its supply chain.
Blocksyte’s SaaS-based blockchain application will be used to track the journey of Caroli’s olive oil as it moves through the supply chain between Caroli’s farm in Martina Franca, Italy and the United States, to ensure its products are handled under optimal conditions.
The application will enable Caroli to monitor real-time location, temperature, humidity and light exposure.
“We are excited to use blockchain to monitor our olive oil from the production facility through customs clearance and into our warehouses,” said Caroli USA co-founder and CEO Ben D’Antico.
“This ensures that our customers can be confident that they are paying for and receiving a premium product, which has been tracked from the bottling source.”
Blocksyte’s blockchain platform also measures humidity, can detect potential tampering and track the shipment’s exact location.
“We applaud Caroli for its forward-looking approach to introducing Blocksyte’s blockchain traceability into its supply chain,” said Blocksyte co-founder and CEO Alan Pelz-Sharpe.
“We look forward to expanding our relationship with the company as it increases its shipments to a growing clientele here in the US.”
Caroli consumers will be able to access the olive oil’s blockchain record via a code located on the label of each bottle, detailing exact dates of packaging and shipment, as well as location, providing complete ‘farm to fork’ traceability.
Growing appetite for blockchain
Caroli is one of many food producers and supermarket chains around the world that have started to explore blockchain technology to streamline their supply chain processes.
Earlier this year, Thomas Foods International and independent grocery retailer Drakes Supermarket launched a blockchain trial tracking Australian meat products from farm to plate.
The pair said blockchain had been particularly beneficial when it came to product recalls, with customers able to quickly identify product at risk, as well as being able to prove provenance or the history of an individual cut of meat.
The trial forms part of the IBM Food Trust, a blockchain consortium that seeks to bring transparency and efficiency to global supply chains, with members including Walmart, Nestle and Unilever.
By using the IBM platform, all supply chain participants can operate based on a shared view of food ecosystem data, where records are updated in real time, enabling greater transparency and efficiency between participating retailers, suppliers and growers.
North American seafood company Bumble Bee Foods is another producer who has used blockchain to trace the journey of its products, tracking yellowfish tuna from sea to dinner table.