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Carnes Validadas announces its Rootstock traceability solution

Carnes Validadas announces its Rootstock traceability solution

The COVID-19 pandemic has accelerated the need to know in detail where the food we eat comes from and what its particularities are. Carnes Validadas has created a new system powered by Rootstock Blockchain technology that guarantees extended traceability throughout the beef supply chain.

Backed by Rootstock Blockchain technology, Carnes Validadas has created a new method that guarantees extended traceability throughout the entire beef supply chain. The end consumer can scan the QR code of a cut of beef to reveal all the stages the cut has gone through on its way to becoming ready for consumption.

The moment an animal’s tracing begins in the field, it is assigned an NFT (non-fungible token) called TOKEN VACA®. Each actor in the supply chain then adds its own events to it, which allows us―upon scanning it at the end―to visualize all the data of the animal’s life: where it was located, whether it suffered injuries, and it’s weight, among other data. This empowers the consumer and gives them the security of knowing they are choosing a product that is 100% safe.

This ambitious platform, which was developed by Koibanx on Rootstock, required Blockchain technology to fulfill the promise of providing product quality control through traceability. Because it is based on blockchain technology, it is practically impossible to hack or manipulate the information stored there.

Diego Gutierrez Zaldivar, cofounder of Rootstock blockchain commented, “We are very proud that Carnes Validadas has chosen Rootstock as the platform on which to base its blockchain technology solution to provide traceability functionalities throughout the meat industry value chain, providing consumers with valuable information and producers with the ability to capture the value generated by it.

This protection, trust and transparency afforded by Carnes Validada’s NFTs are the gateway for producers, meat processors, and marketers to obtain new services complementary to TOKEN VACA®, such as cattle insurance and credits for producers, all through digital means.

Lately, the need to know the origin of the food we eat has been deepened by the COVID-19 pandemic. The creation of QR codes and other unique identification systems is being installed in various parts of Europe, and Carnes Validadas is the first to have done it in Latin America, starting in Argentina and already working on its regionalization for 2021.

Carnes Validadas is the tool that allows us to connect the traditional world of cattle raising with the future world of cryptocurrency. The tokenization of cattle represents a huge opportunity to think about new businesses for financial inclusion, risk mitigation, and access to the best positioning of meat in the most demanding global markets,” stated Diego Heinrich, CEO of Carnes Validadas.

For his part, Eddy Weber, CEO of Koibanx, pointed out that, “traceability is one of the operations where Blockchain technology is highly suitable. It is safe, transparent, and it offers the Carnes Validadas platform immutable conditions of excellence in tracing and trust.

About Carnes Validadas

Carnes Validadas is a company that offers a Blockchain SaaS platform for extended traceability and a full range of services for all actors in the supply chain, thanks to the tokenization of livestock on non-fungible tokens (NFT).

About RootstockLabs

RootstockLabs develops the blockchain technologies necessary for a new global financial ecosystem that can foster opportunity, transparency, and trust. Currently, this organization is developing the Rootstock Smart Contract Network, and the Rootstock Infrastructure Framework (RIF).

Rootstock is the first, biggest, and longest lasting Bitcoin sidechain. It is the only Bitcoin layer 2 that combines the security of Bitcoin’s proof-of-work, with Ethereum’s smart contract capabilities.

Rootstock is open-source, EVM-compatible, and secured by over 60% of Bitcoin’s hashing power, which makes it a gateway to a vibrant ecosystem of dApps that continues to evolve to become fully trustless. 

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About Koibanx

Koibanx offers a digital payments and home-banking platform based on Blockchain technology that integrates solutions from financial institutions, allowing for faster, safer, and cheaper operations. It is mainly focused on payments and invoices. The Koibanx team has been developing financial and corporate software for over 30 years. We are a regional team with offices in Argentina, Colombia, Mexico and Uruguay. Cámara Fintech de Argentina, Colombia Fintech, IOV Labs, Finnovisa, NXTP and Village Capital are just a few of our partners.