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SeafoodTrace: Intelligent Traceability Platform enabling full transparency in the Seafood supply chain

Project description

All eyes on the seafood supply chain

It is not always possible to verify if the seafood we buy is actually safe to eat. There are too many questions around how the products were packed and shipped. Were they properly handled along the supply chain? The only way to ensure quality is through traceability and establishing a permanent monitoring solution for the supply chain. In this context, the EU-funded SeafoodTrace project will develop an intelligent platform to create a one-stop shop that offers traceability, quality control automation in inventory management and new-format information for each shipment. The innovative, blockchain-enabled IoT platform will provide an end-to-end overview of the supply chain, ensuring food safety and reducing unnecessary food waste.

Objective

More than 5 million tons of seafood are wasted annually in the EU. Traceability is key to reduce food waste and ensure that all food products in the EU are safe for consumers. This traceability and permanent monitoring of the supply chain gets even more crucial when products must be kept refrigerated as it is the case of seafood. Yet, singularities of the seafood supply chain, such as its global trade character and complex value chains make it difficult to consistently identify the origin and history of seafood products. Nowadays it is often still impossible to verify that the seafood we buy is safe to eat, reliably packed and shipped or properly handled. Digital innovations are going to be key in the global logistics market that is set to grow at a CAGR=7.5% in the period 2015-2024 surpassing the €15 trillion in revenues in 2023. Under this context Skynjar Technologies, an Icelandic SME with long-term experience in the seafood industry, is finishing the development of SeafoodTrace, an Intelligent Traceability Platform that will revolutionise the seafood industry by creating a one-stop shop covering traceability, quality control automation in inventory management and new format information for each box. With cutting-edge technology including anti-tamper smart labels based on printed, temperature sensors, each with a unique ID number, and an innovative, blockchain-enabled IoT platform, SeafoodTrace provides an end-to-end overview of the supply chain. Thanks to SeafoodTrace we will be able to reduce 20-40% the total seafood wasted along the supply chain. SeafoodTrace unique features - extensive transparency, education and product storytelling – will allow us to close the information gap from producer to consumer. SeafoodTrace will be ready for market uptake at the end of 2020. Thanks to our extensive network of contacts within the seafood sector, we expect to rapidly grow and surpass the €27 million revenues by 2023 and create up to 30 new positions in our company.

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Programme(s)

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Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

SME-1 - SME instrument phase 1

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-EIC-SMEInst-2018-2020

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Coordinator

SKYNJAR TECHNOLOGIES EHF
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 50 000,00
Address
ARMULI 4
108 REYKJAVIK
Iceland

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Ísland Ísland Höfuðborgarsvæði
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 71 429,00
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