Organicsmart Inc. received a $255,786 National Science Foundation Project Grant under the Engineering program (CFDA 47.041) to develop a hybrid blockchain technology enabling safe and transparent distribution of perishable goods. The award period runs from March 15, 2022 through October 31, 2022.
Specifically, Organicsmart will develop a sensor-aware hybrid blockchain and distributed acyclic graph to securely track transactions and maintain quality for perishable foods throughout the supply chain. Novel algorithms will connect disjointed events to provide traceability for consumers and assurance for suppliers. This first-of-its-kind solution leverages blockchain, distributed ledgers, and multivariate time series data from sensors and participants. The technology aims to optimize real-time monitoring and further ensure transaction integrity for the $2 billion food market with potential expansion to other industries requiring traceable and trusted transactions such as consumer goods and medical products.
Generated 1/6/24, 5:32 PM