Australian agricultural supply chain platform, Entrust, has announced that it will operate on Hedera Hashgraph. Entrust was co-founded by Jeffrey Grosset of Grosset Wines in part through AU$150,000 ($108,000) in backing from the Australian government. The beta platform is currently being tested by more than a dozen companies in the Clare Valley wine region of South Australia and is tracking the movement of more than 250,000 liters of wine.
Entrust is designed as a software-as-a-service platform to help producers monitor the flow of their products as raw materials until they are manufactured as secondary products along supply chains. It does this by combining geolocation, time-stamping and the transparent immutable storage of key events. To begin with, Entrust will primarily focus on protecting high value wine and dairy manufacturing industries from any kind of counterfeit fraud.
“Australia produces almost 2 million tonnes of winegrapes each year. As winemakers see the benefits of securing their Wine Australia Label Integrity Program data on Entrust, it is important the system is fast, cost-effective, secure and scalable.”Rob Allen, Technical Director, Entrust
Hedera Hashgraph’s blockchain will ensure that Entrust can process geolocation and time-stamping at each stage of the agricultural supply chain in a timely manner. Geolocation, timestamps and other key data are invariably recorded in Hedera Hashgraph and can be accessed through a web browser or mobile application.
Entrust’s successful initial pilot with the wine industry, and strong early demand from other agricultural sectors, demonstrates the pent-up desire by producers and consumers to have more visibility into the provenance and lifecycle of our food and drinks.
About Hedera Hashgraph
Hedera is a decentralized public network on which developers can build secure, fair applications with near real-time finality. The platform is owned and governed by a council of the world’s leading organizations including Avery Dennison, Boeing, Deutsche Telekom, DLA Piper, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Group.