A Blockchain-based Middleware Platform for Food Tracking Ledger Builder

Project Information

FOrLedger

Grant agreement ID: 856065

DOI

10.3030/856065

Project closed

EC signature date 15 March 2019

Start date 1 April 2019

End date 31 July 2019

Funded under

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Total cost

€ 71 429,00

EU contribution

€ 50 000,00

Coordinated by

OPEN CANARIAS SL
Spain

Periodic Reporting for period 1 - FOrLedger (A Blockchain-based Middleware Platform for Food Tracking Ledger Builder)

Reporting period: 2019-04-01 to 2019-07-31

Summary of the context and overall objectives of the project

The objective of this feasibility assessment was to validate the technical, economical and commercial viability of FOrLedger, a platform that allow businesses to build blockchain-based software quickly with minimal coding, minimizing the need for extensive coding experience from developers’. The target market was agri-food supply chain businesses for tracking and certifying food product.

Work performed from the beginning of the project to the end of the period covered by the report and main results achieved so far

We analysed the market of food traceability applications based on blockchain technology, as well as our potential competitors, and found out that the competitive landscape changed with IBM releasing a novelty application for food traceability, called Food Trust Solution, and aiming to become a standard on the market, involving the most amount of food supply chain. For instance, Walmart announced the mandatory use of the IBM solution for all its food providers in 2021. Considering this new scenario, we have concluded to move our solution to a different and innovative domain: Lifecycle of real state and the use of Building Information Modeling (BIM) for its management.

Progress beyond the state of the art and expected potential impact (including the socio-economic impact and the wider societal implications of the project so far)

FOrLedger will provide a software solution, as well as a development ecosystem and Distributed Ledger services, that allows SMEs to easily build blockchain applications adapted to their particular needs at lower cost and with minimal coding, minimizing the need for extensive coding experience, democratizing the use of blockchain along the BIM industry. At the moment there are other companies with a similar idea but less functionalities and much lower TRL that Open Canarias, therefore we count with the first mover competitive advantage

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