The Government of Singapore has made a significant investment in the DiMuto company through Latin Leap for the digitization of the food chain in Colombia through blockchain technology, artificial intelligence, and intelligence of things (IoT).
According to the Singapore firm AgTech, the Latin American region is forecasting significant growth in the sector. Stefan Krautwald, one of the main partners of Latin Leap, stated that DiMuto fit perfectly into the company's intention to establish an international business of blockchain technology applications in Latin American civil society.
In turn, DiMuto ensured that the new system creates traceability for each unit (natural or packed) while it progresses in the production chain, from the producer to the final consumer. DiMuto uses its own equipment to label each fruit or package with a QR code and takes pictures of each one. Subsequently, that data is associated with the product information and uploaded to the platform.
The main objective of this innovation is to increase confidence in the products and among the participants in the production chain. According to DiMuto, its system has labeled more than 30 million fruits and traced more than 100 million dollars of agricultural trade across seven countries, among which the United States and China stand out.
"The data captured through our solutions allow food chain participants to review and monitor the quality of fresh produce, building trust and transparency, which is especially important now because of the COVID-19," said Gary Loh, founder and CEO of DiMuto.
In the midst of the pandemic unleashed by the spread of the coronavirus, the traceability of products in a production chain has become one of the most sought-after innovations by large food companies. The digitization of fresh products increases confidence and facilitates trade in uncertain times such as this, and reduces personal contacts during the logistics of the processes.