1. Business

Walmart takes up project in AP to trace shrimp

Walmart on Friday introduced that “it is piloting blockchain technology for end-to-end traceability of shrimp sourced in Andhra Pradesh and shipped to select Sam’s Club locations in the US.” The pilot undertaking is the primary recognized use of blockchain expertise to trace shrimp exports from the farmer in India to an abroad retailer. In the end, it should assist seafood farmers within the area to strengthen the shrimp provide chain and reinforce buyer belief within the product, serving to promote India as a most well-liked supply of seafood, whereas additionally enhancing meals traceability and transparency for customers within the US, says a press launch.

The US imports 46 per cent of shrimp exported from India and Andhra Pradesh is the main shrimp exporting State within the nation. Blockchain is a method to digitise knowledge and share info throughout a posh provide chain community in a safe and trusted method.

The introduction of blockchain within the shrimp provide chain may assist enhance the standard of data on the product for compliance functions and for sharing with customers, offering added traceability starting on the farm and increasing all through the transportation course of. It may additionally monitor meals security procedures all through the expansion and processing of the shrimp.

For this pilot undertaking, the corporate has labored intently with Andhra Pradesh-based seafood processor, Sandhya Aqua, and a US-based provider Stanley Pearlman Enterprises.

“This end-to-end blockchain pilot is the first of its kind in India and has the potential to create long-term economic opportunity for the shrimp farming community in Andhra Pradesh, directly benefiting the farmers through new skills training and development,” mentioned Chowdary Kunam, the managing director of Sandhya Aqua.

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