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BizDay: The Wholesale Food Supply Chain is Ripe for Transformation, ripe.io

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Raja Ramachandran, ripe.io, presents on BizDay at CordaCon 2019.

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BizDay: The Wholesale Food Supply Chain is Ripe for Transformation, ripe.io

  1. 1. London, October 24, 2019
  2. 2. Mission • Building long-lasting trust and confidence in the food system through an accessible platform for transparent and reliable information on the origin, journey and quality of their food Supporters and Notables • Maersk Ventures and Relish Works • R3 and Microsoft • Forbes “25 Most Innovative AgTech Startups” • Ag Funder’s Most Innovative Supply Chain Startup (Pre-series A 2018)
  3. 3. Our team at work! O u r T e a
  4. 4. Create a “Truth Record” of Food • + Corda connects food journey and food quality data • + Data capture and digitization of food and agriculture • + Consensus among growers, distributors, packers, processors, brands, retailers = Trust in the Food you Buy and Eat 1 2 543
  5. 5. Looking at the Supply Chain Fragmentated, Complicated and Analog
  6. 6. Food & Ag Supply Chain Customer Pain • Food supply inefficiency expensive • Inability to create food story to connect to customer • Lack of trust in supply chain and with consumers Quality Traceability Sustainability Pre-Harvest Supply chain Grocery StorePost-Harvest Consumer $1.2T Food Waste $56B Food Recalls $50B Food Fraud Disconnected Food Supply Chain
  7. 7. Food & Ag Supply Chain • Connected • Create food stories • Improve trust via transparency $1.2T Food Waste $56B Food Recalls $50B Food Fraud Quality Traceability Sustainability Pre-Harvest Supply chain Grocery StorePost-Harvest Consumer Blockchain Enabled Food Supply Chain
  8. 8. ripe.io Value Proposition Operational Efficiencies Meet Consumer Demands Competitiv e Advantage • Reduce waste • Reduce Recall Time • Improved Reg Compliance • Improve Safety • True Origin • Sustainability • Premium Pricing • New Revenue Opportunity Benefits of Transparent and Connected Supply Chain: Improved Trust
  9. 9. ripe.io Technology
  10. 10. Food Supply Chain Digital Map
  11. 11. ”The Food Bundle” – a Digital Twin of the Food Item – Creates Transparency and Trust … Microclimate conditions Certifications Sustainability Geo location Taste QC Timestamps Mileage Temp / Moisture Lot/ Batch Id
  12. 12. Product Walk Through
  13. 13. Tracking Journey of the Food Item
  14. 14. Implementing IOT/Sensors
  15. 15. Live conditions Tracking From Harvest to End Delivery
  16. 16. Taste Profiles and Correlations to Improve Quality T AS T E P R O F I L E S 1d Old 10d Old
  17. 17. Smart Contract Customer Use Case: Local Milk Sourcing and Freshness Assurance Locality Freshness Score Food Footprint Milk Supplier Entity: Farmer milk lab testing to assure safety, animal welfare and certified contracted carriers for trusted milk tracking Retailer Entity: retailer location and time/date of milk arrival/departure will be logged to certify freshness Consumer Entity: Personalized Food experience to meet locality, freshness, food footprint demands Goal: Transparency, Trust, Sustainability, Data Sharing Improves “Grass to Glass”
  18. 18. See ripe.io on your phone!!

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