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BizDay: The Wholesale Food Supply Chain is Ripe for Transformation, ripe.io
Ripe.io is a startup that uses blockchain technology to create transparency in the food supply chain. It captures data about the origin, journey, and quality of food to build trust. Supported by notable investors and recognized as an innovative agtech startup, Ripe.io connects stakeholders across the supply chain through its digital platform. By tracking food and aggregating data via sensors and smart contracts, it aims to reduce inefficiencies, waste, and recalls while meeting consumer demands for transparency, sustainability, and food quality assurances.
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BizDay: The Wholesale Food Supply Chain is Ripe for Transformation, ripe.io
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- 2. Mission • Building long-lastingtrust 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)
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- 4. Create a “TruthRecord” 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. Looking at theSupply Chain Fragmentated, Complicated and Analog
- 6. Food & Ag SupplyChain 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. Food & Ag SupplyChain • 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. ripe.io Value Proposition Operational Efficiencies Meet Consumer Demands Competitiv e Advantage • Reducewaste • 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
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- 10. Food Supply ChainDigital Map
- 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
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- 13. Tracking Journey ofthe Food Item
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- 15. Live conditions TrackingFrom Harvest to End Delivery
- 16. Taste Profiles andCorrelations to Improve Quality T AS T E P R O F I L E S 1d Old 10d Old
- 17. Smart Contract Customer UseCase: 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. See ripe.io onyour phone!!
Editor's Notes
- #12 Our platform allows to DIGITIZE THE FOOD SC. The building block of it is the FOOD BUNDLE, a digital twin of the Food Item going through the Food Supply Chain. Contains info on … Stage dependent. Info conveyed through: API, Barcodes, Spreadsheets
- #13 Output: Visualize Data, Transfer with no processing, Data services/Analytics Note how BC is at the heart of our Platform but it is only one piece of the entire puzzle/offer
- #17 2 days of monitoring. Same pick up date as in the overall journey screen. We get to choose the intervals. Here it was every 15’
- #18 Compare at Harvest vs after 10d (served at restaurant). Increased overall liking. (by 0.5 points on average in a 10pt liking scale) Sensory dimensions that differ. This allows us to calculate correlations between liking and the individual sensory dimensions. The step back is to understand what steps/conditions are associated with those sensory dimensions.