In an era where blockchain technology is often dismissed as a buzzword-laden solution in search of a problem, an innovative application emerges from the shadows: Tracing halal meat. Behind the façade of crypto speculation and the grandiose visions of Web3, there exist tangible, practical applications of this disruptive technology.
One of the most compelling applications of blockchain is its role in ensuring traceability. When integrated into supply chains, blockchain technology has the potential to monitor the complete journey of a product from its origin to the consumer’s plate. Its inherent capability to provide an immutable, indelible record of data ensures that exhaustive details about goods and transactions can be securely stored, verified, and authenticated.
Nowhere are these benefits more compelling than in the food sector. In a groundbreaking pilot project conducted by a UK-based startup, Provenance, blockchain technology, and smart tagging were deployed to trace illegal tuna fishing, seafood fraud, and forced labor. The initiative not only ensured ethical practices but also underscored blockchain’s potential in corporate auditing, combating counterfeits, and slashing administrative costs.
The technology enthusiasts of Wales have identified another auspicious domain for blockchain application: halal meat. British startup iov42, in a pioneering European venture, is crafting a data-sharing platform that ensures secure and verifiable records of compliance with halal standards – a field often compromised by fraudulent practices.
The malefactors in the halal meat industry range from independent traders to global organized crime syndicates. The scale of such fraudulence was shockingly evident in a 2020 scandal where a Malaysian “meat cartel” was implicated in bribing customs officials, distributing meat from uncertified slaughterhouses, and passing off kangaroo and horse flesh as halal beef.
The scandal triggered a widespread uproar in Malaysia – where Muslims constitute approximately 60% of the population – and resonated across the Islamic world. The incident not only threatened to create severe financial implications but also undermined Malaysia’s ambition of becoming a global nexus for the $2.3 trillion halal market, having already exported halal-certified products worth $9bn.
iov42, however, is poised to employ blockchain technology to mitigate such risks. With a strategic plan of tracing produce from the farm to the table, the company envisions incorporating provenance tracking, strengthening certification mechanisms, and promoting transparency in the halal market.
“Our technology was designed to help improve traceability in industries just like this,” remarked David Coleman, Chief Product Officer at iov42.
To materialize this innovative project, iov42 is teaming up with Prime UK, a Cardiff-based compliance services provider specializing in certification. Recently, the partnership announced that they have received a substantial funding boost from the Welsh government’s Blockchain Demonstrator Challenge Fund.
The government initiative was devised to stimulate the local blockchain industry. If the halal project achieves success, it may emerge as an exceptional example of the real-world benefits that blockchain technology can bring to Wales, providing a template for future practical applications of blockchain.
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