We all have an idea about how food gets turned from raw materials to food products that we could purchase. However, only a few are familiar with the processes involved in ensuring the quality and safety of these products. But before we go any further, make sure that you check out our other articles on Money Brighter.
Concerns such as these are usually left for regulatory bodies such as Cibus.world to address, as well as for the quality assurance department of manufacturers to improve. Food has become more than just a basic necessity for daily subsistence.
Nowadays, people have become more conscious regarding the food and supplements they buy, especially when it comes to nutritional value. Consumers look for this information to suit their various needs.
However, the food industry is plagued with countless problems that lead to consumers losing their trust in food suppliers. Aside from the omission of nutritional information, food crime and adulteration are increasing at an alarming rate.
At present, consumers are only dependent upon regulatory bodies for information and assurance of food quality. There are also too many intermediaries in the food ecosystem, thus increasing the cost and transit time between producers and consumers.
Producers also face issues with the current system as well. Just like in any other industry, small-scale producers are at a disadvantage against large-scale ones.
While small-scale producers might have good products, they don’t have the resources to increase their exposure to a larger market. The minds behind Cibus.world then came up with a solution – develop a platform to out the food ecosystem on blockchain.
BlockChain Technology in a Nutshell
Before we go into the specifics of Cibus.world’s services, you might be wondering, “what is a blockchain?” According to several sources, blockchain was originally devised for cryptocurrencies like Bitcoin.
It has developed over the years and evolved to serve other purposes. Bitcoin is almost like Paypal, but instead of using Paypal Cash, you transact using digital money. Other examples of digital currencies include Ethereum, Ripple, and Litecoin.
In a nutshell, blockchain is a time-stamped series of an immutable record of data that are managed by a cluster of computers. This cluster is not owned by a single entity. Each block of data is secured and bound to each other by cryptographic principles.
This system serves as the backbone for cryptocurrencies like Bitcoin because it allows data distribution and non-replication. By design, it is resistant to data modification.
Blockchain records transactions in an efficient, verifiable, and permanent way. You may read more on a simplified explanation of blockchain via Blockgeeks.
Cibus.world’s Vision for the Food Ecosystem
In response to the problems faced by the current food ecosystem, Cibus.world developed the CIBUS platform. Running on blockchain technology, it aims to provide transparency and security for both manufacturers and consumers.
Optimizing blockchain technology, the CIBUS platform will not only guarantee the quality of food products and supplements but will also fulfill transparency. The platform brings together all stakeholders of the food industry. Through this, business owners and consumers can enjoy transparency, authenticity, and reliability of food products.
Along with the platform, Cibus.world also launched a new cryptocurrency called CIBUS tokens, which can be used on CIBUS. These tokens are used in a way that items remain associated with each other in the chain.
Cryptocurrencies are also vulnerable to threats online. Read our article on the CryptoTrust.Network which provides added security to digital currencies.
The CIBUS Platform
Developers believe that Cibus.world’s CIBUS platform could promote several categories of food business on a global scale. This includes agricultural production, industrial manufacturing of processed foods, and wholesale or retail distribution of food.
The brains behind the platform are composed of food scientists in Cibus.world, with years of experience and of blockchain technology specialists. The collaboration aims to ensure accuracy and efficiency for end-users. The platform was developed with the following objectives in mind:
- Promotion of food safety and transparency by using blockchain technology. This ensures product authentication, visibility of product’s lifecycle journey visibility, product recall efficiency, and inventory management.
- Authentication of products’ freshness, in case of perishable goods, and a chain of custody with accountability, supply chain mapping, and optimization.
- Facilitation of direct retail (B2C) and business to business (B2B) food trading.
- Creation of a holistic food-based social network on a global scale.
- Robotic assurance for supply-chain management.
- Customs audits, and regulation process optimization to implement optimum transparency in the supply chain system with the support of the PULL chain algorithm.
The CIBUS platform includes several components. All of which guarantees transparency, traceability, and quality from manufacturer to consumer.
|CIBUS Trace||A blockchain-based food tracing and transparency tool for consumers|
|An incentivized social networking platform that aims to create a global collaboration involving food|
|CIBUS Trade||Facilitates wholesale and B2B trade of food and supplements|
|CIBUS Retail||Facilitates direct retail of food and supplements between consumers and food producers|
|CIBUS Ad||Provides an inbuilt analytics platform as well as rich and relevant data regarding user traffic|
|An affiliate marketing platform for CIBUS Retail and Trade at competitive rates|
|Standard five stages escrow services provided for a fee-based on the transaction value|
|CIBUS is considering to launch its own logistics center|
Benefits of the Platform
The development of the platform revolutionizes how the food ecosystem works. By reducing the dependence of consumers on regulatory bodies and reducing the involvement of intermediaries, stakeholders can get the following benefits:
- Traceability of ingredients and packaging materials for food safety
- Brand protection resulting in established brand equity
- Consumption of real-time data to adhere to regulatory audits
- Monitoring of the delivery condition and temperature of sensitive products
- Ensuring compliance to GFSI-motivated Vulnerability Assessment and Critical Control Points (VACCP) guidelines
- Fast recovery of food safety data in case of product-recall
- Accurate traceability implanted in the supply-chain that enables partner producers to deal with problematic products immediately
Wrapping it Up!
The development of the CIBUS platform by cibus.com clearly benefits all stakeholders of the food ecosystem. Meanwhile, consumers could make informed choices before they purchase any food or supplement.
This is made possible by the adequate information stored on the blockchain, which can be accessed on a mobile application and on websites. On the manufacturer end, reduction of intermediary involvement helps manufacturers directly connect with consumers and other businesses.