Dairy Farmers of America (DFA), a U.S. national milk marketing cooperative, has teamed up with food fintech startup ripe.io to pilot a blockchain-powered project aimed at improving the food supply chain, according to an announcement published September 25.
DFA is a cooperative owned by dairy farmer-members in 48 states, the net income of which totalled $127.4 million in 2017, while its net sales were over $14 billion. In 2017, the cooperative directed the marketing of 64.4 billion pounds of milk, representing approximately 30 percent of the total milk production in the U.S.
Now, DFA is embracing blockchain technology in order to increase supply chain transparency. The pilot project is deploying a blockchain platform developed by ripe.io and using data from a group of DFA member farms and one of the DFA’s manufacturing plants. David Darr, Vice President of Sustainability and Member Services at DFA, said:
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