TraceX Technologies: Blockchain for Food Safety, Traceability and Sustainability

TraceX Technologies: Blockchain for Food Safety, Traceability and Sustainability – Food is essential for life, but it also poses many challenges for the environment, health, and society. Food production and consumption account for a significant share of greenhouse gas emissions, water use, land degradation, and biodiversity loss. Food safety and quality are also major concerns, as foodborne diseases, fraud, and adulteration affect millions of people every year. Consumers are increasingly demanding more information and transparency about the origin, ingredients, and impact of the food they eat.

Details of the startup:

  • CITY : Bengaluru
  • STATE : Karnataka
  • STARTED IN : 2019
  • FOUNDERS : Nadig Dattatri Anil and Srivatsa Turvekere Sreenivasarao
  • NUMBER OF INVESTORS : 6
  • LATEST ROUND INVESTMENT : ₹80.00M
  • TOTAL INVESTMENT : ₹93.74M
  •   TOTAL SECURED LOANS AVAILED : Nil

You can find their website here.

TraceX Technologies is a digital agriculture platform that leverages blockchain to address these challenges and transform the food and agriculture supply chain. TraceX Technologies enables food and agriculture businesses to create traceable, transparent, and sustainable supply chains, using data-driven solutions that enhance food safety, quality, and efficiency. TraceX Technologies is the first and only platform of its kind in India, offering a unique value proposition for food and agriculture stakeholders.

Vow: A Food Technology Company That Creates Cultured Meat from Animal Cells

How TraceX Technologies Works

TraceX Technologies works in three main steps:

  1. Data Capture: TraceX Technologies captures data from various sources along the supply chain, such as farmers, processors, distributors, retailers, and consumers. TraceX Technologies uses smart devices, sensors, QR codes, and mobile apps to collect data on various parameters, such as location, temperature, humidity, weight, quality, and carbon footprint.
  2. Data Verification: TraceX Technologies verifies the data using blockchain technology, which ensures data integrity, security, and immutability. Blockchain creates a digital ledger that records every transaction and event in the supply chain, creating a single source of truth that is shared and accessible by all authorized parties. Blockchain also enables smart contracts, which automate and enforce the terms and conditions of the transactions, reducing errors and disputes.
  3. Data Visualization: TraceX Technologies visualizes the data using a user-friendly dashboard, which provides real-time insights and analytics on the supply chain performance and impact. TraceX Technologies also provides a consumer-facing app, which allows consumers to scan the QR code on the product and access the complete history and journey of the product, from farm to fork. TraceX Technologies also generates reports and certificates that demonstrate compliance with various standards and regulations, such as EUDR, FSSAI, and ISO.
AgNext: A Deep Tech Company That Provides AI-Based Food Assessment Technology

Why TraceX Technologies is Different

TraceX Technologies is not just another blockchain platform for food and agriculture. It is a game-changer for the industry, offering several benefits and features that set it apart from the competition. Some of these are:

  • End-to-end traceability: TraceX Technologies provides end-to-end traceability of the entire supply chain, from seed to harvest, post-harvest, processing, distribution, retail, and consumption. TraceX Technologies covers all types of products, such as grains, fruits, vegetables, dairy, meat, seafood, and processed foods.
  • Consumer engagement: TraceX Technologies empowers consumers to make informed and conscious choices about the food they buy and consume. TraceX Technologies allows consumers to access the origin, ingredients, quality, and impact of the product, as well as provide feedback and ratings. TraceX Technologies also rewards consumers for their participation and loyalty, using gamification and tokenization mechanisms.
  • Sustainability and carbon management: TraceX Technologies enables food and agriculture businesses to measure and manage their environmental and social impact, using blockchain-powered solutions for carbon accounting, offsetting, and insetting. TraceX Technologies helps businesses to reduce their greenhouse gas emissions, enhance their biodiversity, and improve their livelihoods, using nature-based solutions and verified carbon credits. TraceX Technologies also helps businesses to communicate and report their sustainability and carbon performance, using credible and transparent metrics and standards.
  • Scalable and flexible: TraceX Technologies can handle any volume and variety of data and transactions, allowing businesses to scale up or down as per their needs and goals. TraceX Technologies also offers customized solutions for different categories and niches, catering to the specific requirements and challenges of each business.
UrbanKisaan: Cultivating a Greener Future, One Rooftop at a Time

How to Get Started with TraceX Technologies

If you are a food or agriculture business looking for a smart and innovative way to improve your supply chain traceability, transparency, and sustainability, then TraceX Technologies is the perfect platform for you. You can get started with TraceX Technologies by visiting their website here or contacting their team here. You can also read more about their story, vision, and values here or check out their media coverage here.

TraceX Technologies is the future of blockchain for food and agriculture. Don’t miss this opportunity to join the revolution and take your business to the next level. Sign up with TraceX Technologies today and see the difference for yourself. 😊

Follow : LinkedIn , ,, InstagramYoutube

You May Also Like

More From Author

+ There are no comments

Add yours