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Blockchain food traceability
Blockchain powered software that allow supply chain participants to trace food origin and characteristics for waste reduction and income increase
SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Agriculture
Business Model Description
Record transactions through blockchain-powered technology supplies chain participants (farmers, manufacturers, distributors) to strengthen food management, safety, and food quality. Participants and consumers can access labeling information to analyze large amounts of data and manage inventory to increase supply chain participants' income, including small producers.
This initiative intends to allow supply chain participants to trace food origin and characteristics for waste reduction and income increase.
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
- 1) FAO (2019) - Alimentación: pasando de pérdidas a soluciones. Accessed. June 2nd 2020 2) Semana Sostenible (2019) - En América Latina se desperdicia el 20% de la comida que se produce en el mundo/ Accessed June 2nd 2020 3) FAO (2018) - Aunque en Colombia se reduce, el hambre aumenta en el mundo. Accessed May 30th 2020 4) ANDI (2018) – Industria de alimentos. Acceso Mayo 30 5) ANDI (2019) - Línea base de la situación nutricional en Colombia. Accessed May 29th 2020 6) DANE (2019) UPA caracterization 7) DANE (2016) 7th Presentation from the National Agricultural Census 8) Universidad del Norte (2020) Agiculture in the Colombian Caribbean 9) DANE (2019) UPA caracterization 10) Cauca Chamber of Commerce (2019) Production and Exports - Pacific Region 11) MinAgricultura, DANE (2016) Land use, National Agricultural Census 12) Fedebiocombustibles (2014) "We project to sell energy from biomass" Harold Eder 13) Yunus Portfolio: S4S Technologies - https://www.yunussb.com/portfolio/s4s. Accessed February 8th. 14) Yunus' Portfolio: Campo Vivo - https://www.yunussb.com/portfolio/campo-vivo. Accesed February 8th. 15) Pomona Impact's Portfolio: YellowPallet http://yellow-pallet.com/. Accessed February 8th. 16) EMIS (2020) Colombia: Food & Beverage Sector 2020/2021 17) GlobeNewswire (2020) The global blockchain in agriculture and food supply chain market size is estimated to be USD 133 million in 2020.
- 18) Spoiler Alert (2020) – More Food. Less waste. Accessed June 2nd 2020 19) FAO (2019) - Alimentación: pasando de pérdidas a soluciones. Accessed. June 2nd 2020 20) Champions 12.3 (2017) – The business case for reducing food loss and waste. Accessed June 2nd 2020 21) Conferencia episcopal de Colombia (2019) - Aprobado proyecto de ley para prevenir las pérdidas y desperdicios de alimentos. Access June 21st 2020 22) Cámara del Senado (2018) - Ley 301 del 2018. Access June 22nd 2020 23) ANDI (2019) – Ley 1990 del 2019 24) MinAmbiente (2019) Government unifies the color code for the separation of waste at the source nationwide 25) Finagro (2018) - "Desperdicio Cero", busca disminuir pérdida y desperdicios de alimentos en Colombia. Accessed June 22nd 2020 26) Semana Sostenible (2019) - La tecnología que contribuye a no desperdiciar comida. Accessed June 23rd 2020 27) National Planning Department (2019) - 2030 Agenda in Colombia 28) Cámara de Comercio de Cali (2015) Bioenergy Cluster 29) DNP, MinAmbiente, MinVivienda, MinEducacion, MinMinas, DANE, et al. (2016) National Policy for the Integral Management of Solid Waste 30) Presidency of the Republic (2019) President Duque launched the National Stratergy for Circular Economy, first enviromental policy in Latin America of this kind 31) Semana Sostenible (2013) Garbage in Colombia: a problem that cannot be dumped 32) El Tiempo (2018) The four landfills in crisis that can cause sanitary emergencies 33) Semana Sostenible (2018) In 24 years, the emission of greenhouse gases increased by 10% in Colombia