Product identity solutions TruTag Technologies has collaborated with PwC Australia on food trust initiative.
The partnership will incorporate TruTag’s edible barcode technology into PwC Food Trust platform.
The company noted that the globalization of supply chains resulted in a loss of control and visibility, and food misrepresentation, adulteration, diversion and counterfeiting are challenging consumer safety, as well as creating revenue loss to the food and beverage industry.
PwC Australia and TruTag have collaborated to address these challenges by providing security and traceability to global food supply chains.
The PwC Food Trust platform is an advanced anti counterfeit technology solution for the food and beverage industry.
PwC Australia has developed the Food Trust platform to offer manufacturers and consumers with quality food products.
Integrating TruTag’s edible barcode technology into the Food Trust platform will allow to deliver better supply chain visibility, said TruTag.
Innovation and Ventures lead partner Trent Lund said: “Blockchain technology offers brand owners a new means of sharing information and improving supply chain visibility. However, these systems are still reliant on ensuring a secure link or crypto anchor between the physical and digital world.”
“TruTag’s covert edible barcodes act as a perfect crypto anchor offering unrivalled security and a unique ability to directly mark foods and food-contact packaging.”
PwC Australia and TruTag are already working on the development of supply-chain technology programs with major customers in the meat and wine industry.
The partnership also intends to expand their focus into other food and beverage applications.
TruTag Technologies business development SVP Barry McDonogh said: “We are thrilled to be working with PwC Australia on this initiative.”
“PwC brings a shared vision for food traceability, a highly complementary technology platform, and the resources to scale and deliver across multiple industry segments and geographies.”
TruTag Technologies provides security and technology solutions to the businesses and governments across the globe.
The firm has an advanced precision-fabricated and cGMP nano-porous silica manufacturing operation for various applications and security solutions, including product identity for food, medicine, secure labels and documents.