Transparent Path is focused on reducing risk and waste in the food industry by providing real-time visibility for food.
SDG’s of application
Offers from Transparent Path
Printed IoT sensors upload food origins and logistics to a shared blockchain ecosystem,
Food traceability and safety can't be solved by one technology alone. Inexpensive IoT sensors must be able to provide cold-chain information along the entire route. This data must be shared with all members of the supply chain in order to provide shared benefits to all parties, such as temperature violations, expiration violations, etc. Such a system allows for both supply chain efficiencies, reduced waste, reduced energy, and faster recalls, as well as a top-line revenue opportunity via a price premium for "transparent food."
ProofScore is a "credit rating for food," where food industry players are rewarded for data transparency and sharing.
ProofScore™ is our transparency-based rating system. A ProofScore is calculated based on amount of certifiable information shared with consumers and supply chain partners. Sensor-based environmental data, verifiable certifications (fair trade, organic), and behind-the-scene videos all increase a product’s ProofScore. Why ProofScore? “Transparently” produced food commands higher prices; 94% of consumers willing to pay more for visibility into their food. Such a system dissuades bad or “opaque” actors, who will be penalized for not being transparent. It also promotes open sharing of food origin, logistics and environmental data, thus building consumer trust. Finally, price premiums generated through high ProofScores can be used to incent supply chain players financially.