Entrust, an agricultural supply chain platform backed by the Australian government, entered into a partnership with Hedera Hashgraph. Hedera is a distributed ledger platform that claims to process 10,000 transactions per second.
Entrust was launched by Steven Marshall, South Australia’s premier on September 20, and focuses on protecting both wine and dairy manufacturing industries from any kind of counterfeit fraud. Along with this, it will also bring efficiency savings across the whole agricultural sector. According to the announcement, this platform will be operating on the Hedera Hashgraph.
Entrust Tracks Primary Products Movement Across Local Agricultural Supply Chain
It is a platform that will track the movement of primary products across the local agricultural supply chain. Along with this, it will also track the movement of the supply chain of the secondary manufactured products. Hedera Hashgraph records the geolocation, time-stamping and other important data which will be accessible through mobile apps and web browsers.
It is revealed that the beta platform is going through various trials across a lot of companies based in South America. Rob Allen, Technical Director of Entrust has praised the scaling capabilities of Hedera. He also mentioned that the speed advantages of Hedera will help the firm target all those countries whose economies are dependent on the exportation of wine and other agricultural products.
Several Supply Chain Traceability Platforms Established Ground in Australia
It has been noticed that a lot of supply chain traceability solutions or platforms, which are based on blockchain have gained ground in Australia. In the past few years, VeChain has partnered with a lot of businesses in Australia. Not only this, there are a lot of other firms as well that have formed partnerships related to agricultural supply chain. Back in July, Hedera Hashgraph has launched a micropayments pilot powered by DLT along with Eftpos which is a leading point-of-sale technology provider based in Australia.