Trace Labs and OneAgrix have announced a partnership that will utilise blockchain-enabled solutions for halal food transparency. OneAgrix, a B2B online marketplace for the sourcing of halal food ingredients and products, will use Trace Labs’ data exchange solutions to tackle the trust deficit in the halal goods marketplace, enabling food safety and transparency. This brings tangible benefits to businesses and consumers in the USD 2.5 trillion global halal market.
Beyond being a traditional online marketplace, OneAgrix provides an all-in-one, Procure-Pay-Ship solution to its partners. Other than solving challenging cross-border payments and logistics, OneAgrix is the first Halal B2B marketplace to use Fourth Industrial Revolution technologies to help solve food fraud and the trust deficit in the halal sector, increasing consumer confidence and providing brands with an efficient tool to stand out on the market.
With the Trace Labs solution, halal stakeholders can exchange data quickly and seamlessly. OneAgrix is one of the first users of nOS, Network Operating System, powered by the OriginTrail blockchain protocol and developed by Trace Labs.
nOS is a simple interface that allows organisations across the globe to start using the benefits of distributed ledger technologies here and now. With blockchain applications from nOS, halal certification bodies, laboratories, and manufacturers now have a low barrier of entry to using distributed ledger technology in supply chains.
“This partnership between OneAgrix and Trace Labs is a game-changer, potentially transforming the world of halal supply chains. With secure and immutable record of transactions and metadata, these will prove crucial to the safety of halal food, underpinning trust with the Muslim consumers and global halal stakeholders. We are greatly confident of the expertise and professionalism of Trace Labs; being front runners of bringing transparency to the complex international halal supply chains” said Diana Sabrain, Founder of OneAgrix.
“Trace Labs is building trusted network applications for business communities of the future. Through the Network Operating System, blockchain-secured data from field to table serves as the basis for certifications, where technology is enabling additional trust. We are happy to welcome OneAgrix to our food supply chain community, elevating traceability and brand protection of halal products by entrusting the OriginTrail Decentralised Network (ODN) to exchange crucial data.” said Žiga Drev, Founder of Trace Labs.
Both companies were invited to present their endeavors at the Expert Panel Session at the upcoming Malaysia International Halal Showcase (MIHAS) in April 2019.
About Trace Labs
Trace Labs is a Hong Kong-based company with a mission to facilitate cross-organizational data exchange in global supply chains and corporate environments. It is a core development company of the OriginTrail protocol. Trace Labs is bringing blockchain and distributed ledger technologies to concrete business cases through education, consulting, and implementation of value-driven applications.
For more information about Trace Labs, please visit www.tracelabs.io.