Two Hands, an innovative technology startup focused on the development of ethical and transparent supply chains, announced plans to adopt GoChain’s public blockchain protocol and use its GoTrace Supply Chain Management Platform. The Melbourne, Australia-based company, which originally built its distributed ledger track and trace MVP solution on Hyperledger Fabric, will transition to GoChain’s public blockchain platform and thereafter focus future technology development efforts on a next generation digital marketplace to include a novel public curated registry, expected to identify / list and provide top-rated farmers and fishers with unique incentives and rewards. At the heart of Two Hands’ blockchain-based solution offering is the ability to provide end-to-end provenance of products and to disintermediate supply chains thereby enabling a more direct relationship among producers, buyers and consumers. There is a growing gap between the information consumers want about their products and their access to it Fish and seafood products are harvested and traded worldwide. Whether it comes from a small fishing boat or from a farm, both chefs and an increasing number of consumers want to know about the journey and it’s a long way from net to plate! Was their seafood ethically sourced? Was it wild caught or farm raised? What is its social impact? These questions can be difficult to answer without provenance. Aquaculture and commercial fishing typically necessitate complex supply chains as seafood crosses national borders, various continents, trade zones and jurisdictions. The complexity of this supply chain makes it difficult to authenticate the true origin of imported seafood products. Additionally, regional fisheries are plagued with knowledge gaps on catches, by-catches, and environmental impact. Opaque supply chains also lead to over- or illegal fishing, lower income and livelihood for fishers and low quality, modified seafood products. Consumers, Chefs, producers, and management authorities have no choice but to blindly trust what producers and stakeholders in the supply chain claim is true. Two Hands’ Mission – “Changing The Balance of Power In Favor of The Primary Producers” Two Hands is a digital marketplace connecting fishers directly to consumers and restaurants therefore eliminating middlemen and reinventing the seafood supply chain. Two Hands is closing the gap between the fishers and farmers’ hands to the consumers. “From the farmers hands to yours, that’s our promise” -TwoHands Manifesto Two Hands & GoChain unite to bring greater transparency, efficiency and security for food supply chains. Knowledge is power. Technological advancements have reached a point in which we are able to learn, verify and authenticate most claims especially for provenance. Consumers are now able to not only easily determine the origination and authentication of food products but are also able to proactively support responsible and committed organizations, vendors and fisheries engaged in ethical and sustainable practices. We know that if a certain fish species is sourced from the same location repeatedly they will eventually have difficulty replenishing. Unethical fishing methods can inadvertently capture more than the intended which results in waste. And we know that illegal fishing accounts for 11–26 million tons of fish each year, which is estimated to be worth US$10–23 billion (according to the UN FAO). Illegal fishing takes away from legitimate and local fisherman. Supply chain transparency will allow for better maritime governance and is one of the most powerful tools we have to combat these industry challenges. Two Hands and GoChain are combining their strong missions and innovative technology to ensure ethical and transparent supply chains. Two Hands and GoChain share the vision of restoring provenance and human connections to the food industry. The two are working together to take the Two Hands digital marketplace to new heights by leveraging GoChain’s public blockchain and GoTrace platform for end-to-end blockchain traceability, to manage supply chain data, prove quality of product, improve efficiency of product handling and to promote trust and confidence within the Two Hands ecosystem. “We are proud to work with TwoHands and to have the opportunity to use our blockchain technology for the advancement of more ethical and transparent supply chains. Digitally connecting fishers & farmers directly to buyers and consumers not only eliminates unnecessary middlemen and enhances prospects for better income and livelihoods for producers but also optimizes global supply chains for end-to-end traceability, food safety and authentic provenance.”Henry Ines, GoChain CEO About GoChain GoChain believes in driving the adoption of impactful technology for the betterment of society and our habitat. GoChain partners with companies in all industries to quickly launch and manage their own scalable, low-cost blockchain solutions, run distributed applications and to deploy smart contracts. At 1,300 transactions per second, GoChain’s network is the fastest, most reliable, web3 based public and private blockchain protocol. GoChain’s Proof of Reputation (PoR) consensus algorithm relies on a decentralized consortium of Fortune 500 companies, NGOs, and nonprofits to validate transactions. GoChain also supports its designated public cryptocurrency, which has the ticker symbol GO. For more information, visit gochain.io or follow GoChain on LinkedIn, Twitter, and Facebook. Contact Information: GoChain Marie Gonzalez, SVP, Marketing [email protected]
