| |June 202119indeed was worth $10 billion in 2017 and is projected to more than double to hit $22 billion by 2025. This is exactly where we come in. We excel in providing Blockchain-based supply chain solutions with Global GS1 Standards to large en-terprises as well as customized solutions to meet the local standard protocol for SMEs ­ across all sectors of the food industry & not restricted to a particular segment (for instance, exotic foods segment). This in-cludes real-time ERP integration with TraceFood, PTI labeling and IoT sensors. Additionally, our payment gateway system accepts both crypto and fiat currency. Above all, our plat-form is highly scalable in terms of not only traceability, but also inventory management.Do you add more value by in-tegrating Blockchain with oth-er technologies? Tell us about the underlying technology frameworks of your platform. How would you describe your security propositions?As we currently use Hyperledger Besu and blockapps STRATO as Blockchain base for our offering, we are also pro-viding GS1 and BRCGS integrations for tracking standardization. We also assure real-time ERP integration so that the businesses that have an ERP solution in place and can onboard with us quickly. To ensure data protection, we follow compliances as per GDPR and security standardization as per Ethereum Enterprise Alliance.We are currently testing AI for weather forecast-ing, crop yield prediction and crop cycle analysis across various scenarios with participation from the Government of India. How has been the impact of your interven-tion in the food supply chain market? Could you tell us an inspiring customer story? We recently got incubated in India's biggest Block-chain program, the STPI Apiary, which is a Centre of Excellence in Blockchain Technology setup in collabo-ration with MeitY, STPI, Government of Haryana, Pad-up Venture Private Limited, IBM, Intel, GBA, J.C Bose University, and FITT. This is an initiative to identify and evaluate promising startups in the field of Block-chain Technology that will be hosted in the STPI Gur-ugram Incubation Facility.We have also started working on a POC along with a few of the Southeast Asian countries to provide food traceability solutions for different agricultural prod-ucts which will be integrated with a marketplace. It will enable people to buy fresh products online and know the products' origin by clicking a button. For our clients in the UAE, we provide Traceability solutions for dates and palm oil sup-plychain. In the case of dates supply, the quality of the products cannot be verified completely as the vendors mix up different varieties of dates to increase the weight of the pack-age. On the other hand, when palm oil is purchased using the mass bal-ance principle, certified palm oil can be mixed with raw material coming from other sources at the mill or stor-age facilities. The amount of raw ma-terial sourced by us is verified using accurate accounting helps us receive unadulterated and certified palm oil. The raw material batches do not wander by themselves; instead, they are physically monitored throughout their journey from the plantation to the customer. All phases of the sup-ply chain leave an imprint, as they are all documented and audited. Segregated material, on the other hand, is not in physical contact with other raw materials at any phase of the supply chain.What further innovation do you plan to in-clude in your Blockchain solution offerings?Currently, our delivery model is SaaS-based for private organizations and on-premise deployment model for Government bodies. We are currently working to-wards launching our own Agriculture, Meat and Sea-food (AMS) ERP platform which will be integrated with TraceFood to facilitate production and transpor-tation management with point of sale. In addition, we are also looking into the feasibility of implementing a digital container shipping association (DCSA) API for container tracking. Balaji A, CEO10 MOST RECOMMENDED BLOCKCHAIN STARTUPS 2021
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