The possibilities are endless for industries looking to get into advances that are occurring with blockchain. One of the latest uses for this technology comes from the agri-food industry.
Lack of quality control, adulteration and mislabeling are a concern for many industries. The expanding global market makes it easier than ever to purchase products from anywhere in the world, but with such a separation from consumer to producer, how does one know what they're really getting? In Europe, the two marks of quality and authenticity are the Protected Designation of Origin (PDO) and the Protected Geographical Indication (PGI). In order for a European product to quality for these seals, certain requirements must be met and certified by a third party.
Blockchain technology has enabled companies to improve and refine the traceability of their goods and services. The technology sets a high standard for supply chain authenticity as its unalterable once it is recorded. When adding public networks like Telos, there is an elevated trust and transparency in the manufacturing of a product from start to finish.
“We think that a public network is more powerful and, like what happened with Internet versus Intranets, Telos will succeed in providing greater advantages to companies that dare to face the transparency challenge,” the company said in a statement.
A Telos-based block producer, Teloscope’s effective performance markers made it an easy choice for cider makers looking to gain the trust of their consumers through the blockchain. The parent organization of The Teloscope, CTIC, has entered into an agreement with the Regulatory Board of PDO Sidra de Asturias, and two major cider producers in the region are already using this revolutionary system.
The Asturias region in Spain, responsible for producing close to 80 percent of the nation’s cider, is the first of its kind to employ the strength of Telos in maintaining the integrity of its cider, whose origin and method of production are as important as the product itself. In providing a system to help prevent the adulteration of this cider, Telos is helping to preserve a culture and a way of life in Northern Spain.
"The beauty of Telos is that while it is available to everyone as a public network, the variety of one-of-a-kind apps coming out of it make it anything but ‘just another blockchain,'" says Suvi Rinkinen, CEO of the Telos Foundation.