The Australian government-supported supply chain traceability platform Entrust is being launched on Hedera Hashgraph.
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Entrust, an agricultural supply chain platform supported by the Australian government, announced that it will run on Hedera Hashgraph-the distributed ledger platform claims to have a transaction volume of 10.000 transactions per second.
The Prime Minister of South Australia, Steven Marshall (Steven Marshall) officially launched Entrust on September 20. The initial focus of the platform was to protect the wine and dairy manufacturing industry from counterfeit fraud in the global market and promote the entire agricultural sector. Efficiency savings.
Entrust is a software-as-a-service platform that tracks the movement of primary products (such as wine grapes) in the local agricultural supply chain and secondary processed products (in this case, the wine itself) in the supply chain)
Geographic location, timestamp and other key data are recorded unchanged in Hedera Hashgraph and can be accessed through a web browser or mobile application.
The Beta platform is currently being tested by more than a dozen companies in the Clare Valley wine region in South Australia and is tracking the flow of more than 250,000 liters of wine. The platform was co-founded by Jeffrey Grosset of Grosset Wines, and the Australian government provided 150,000 Australian dollars (approximately US$109.000) in funding to support the plan.
Rob Allen, Entrust's technical director, praised Hedera's expansion capabilities and predicted that Hashgraph's speed advantage will allow Entrust to target other countries whose economies depend on the export of wine and other agricultural products.
"Australia produces nearly 2 million tons of wine grapes each year. When winemakers see the benefits of protecting their Wine Wine Label Integrity Program data on Entrust, it is important that the system is fast, cost-effective, secure and scalable."
In late August, the Australian Department of Industry announced that it had established a local working group for the supply chain and certification sector to support the Australian National Block Link Diagram Steering Committee.
Several blockchain-based supply chain traceability solutions are also gaining a foothold in Australia. VeChain has cooperated with hundreds of Australian companies in recent years, and agriculture-centric platforms Aglive and BeefLedger have achieved success in targeting the local beef industry. success.
Hedera Hashgraph is also expanding its business scope by launching a DLT-driven micropayment pilot with Eftpos, Australia's leading point-of-sale technology provider, in July.
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