R3 Teams With Ripe.io On Blockchain For Food And Agriculture Supply Chains

Blockchain, News | June 20, 2019 By:

Blockchain firm R3 has teamed with Ripe Technology (ripe.io) to improve transparency and trust in food and agriculture supply chains through the digitization and enterprise adoption of blockchain.

Based in New York, R3 is an enterprise blockchain software firm working with a broad ecosystem of more than 300 members and partners across multiple industries from both the private and public sectors to develop on Corda, its open-source blockchain platform, and Corda Enterprise, a commercial version of Corda for enterprise usage.

Founded in 2017, Ripe is altering the trajectory of the food system through blockchain technology and the Internet of Things (IoT). The company is on a mission to build long-lasting trust and confidence in food supply chains through a platform where everyone will be able to access transparent and reliable information on the origin, the journey and quality of their food.

Under the agreement, Ripe will leverage R3’s Corda Enterprise and Microsoft Azure to serve its growing food and agricultural customer base. Through the use of R3’s platform, development community, and ecosystem, both companies will be able to more effectively use distributed ledger systems to rapidly digitize the food supply chain.

“This collaboration is an important and exciting milestone for our company,” said Raja Ramachandran, CEO of Ripe. “I want to express, on behalf our entire team, how energizing it is to have the support, encouragement and endorsement of R3 and Microsoft to continue our work of empowering people to make confident choices about the food they eat, grow and sell.”

The partnership will also allow R3 to expand its platform into the food and agriculture ecosystem, a previously untapped market for its technology.

“This is another important vote of confidence in R3’s technology to deliver results and build a more efficient food supply chain,” said David E. Rutter, CEO and founder of R3. “ripe.io has been on the forefront of engaging all of the actors in the supply chain to digitize activity from farm to fork. As a blockchain platform built with the rigorous privacy demands of global business in mind, Corda Enterprise is the perfect platform for their efforts. We are excited to welcome ripe.io to the R3 community and to expand our ecosystem into food.”