A new block-chain based digital platform that enables beef producers and consumers to track the origin, history and provenance of beef from the paddock to the plate has been launched in Brisbane.

BeefLedger will use an Ether-based token to track transactions throughout the supply chain, aiming to provide an authenticated accountability platform for Australian beef in domestic and international markets.

BeefLedger originates from a Queensland University of Technology-based Food Agility CRC project, and will be the first application to apply blockchain technology to the Australian beef industry.

Warwick Powell of Sister City Partners and CEO of BeefLedger Limited launched the company’s BeefLedger Token (BLTs) Pre-Sale – a new digital cryptocurrency for people to contribute to, and participate in, the project.

Professor of Urban Informatics at the QUT Design Lab Marcus Foth said BeefLedger is an industry-led project bringing together design, business, technology, and food research.

“Whether you are a farmer, a supermarket, a butcher, a restaurateur, a consumer or another interested party, you will be able to access the entire history of the meat electronically by scanning a barcode or QR Code” Professor Foth said.

Professor Foth said the blockchain technology has the potential to revolutionise the industry by limiting price fluctuations, supporting food provenance and preventing food fraud, a growing problem in international export markets.

“If you are a consumer of Australian beef in China, Japan or elsewhere, then you are expecting a premium experience and not inferior meat being passed off as Australian, which has been the subject of recent food scandals,” he said.

“The BLT will power the BeefLedger Blockchain and provide users with the value-added benefits of access to credentialed provenance data, sale history, consumer feedback insights, disease prevention, streamlining payments, and heightened food security.”

Mr Powell said BeefLedger was designed to be a wholesale data platform that delivers credentialed food provenance data to consumers, driving value growth for the supply chain as a whole and delivering additional income to producers in recognition of product provenance excellence.

“Our aim is to empower producers to serve the growing middle class markets of Asia, in particular China, and meet the market’s increasing expectations around food provenance and safety,” Mr Powell said.

“BeefLedger supports the strong reputation Australian beef producers already enjoy as safe, clean and green suppliers.

“Beef is an increasingly high-risk industry in terms of brand so it’s critical to be able to prove it is top-quality Australian beef and not a product from a country that has had an outbreak of foot and mouth disease.

“Our research in China demonstrates consumers will pay premiums for high levels of security and the value that food provenance can add to the consumer experience.

“Chinese consumers also increasingly shop with their smart phone, where scanning QR codes for product information and payments is now commonplace. The paddock-to-plate nature of BeefLedger meets this market expectation so that Australian beef remains at the forefront of Chinese consumer experiences.”

Professor Foth said BeefLedger would also return benefits to communities in regional Australia as credentialed food provenance lifts the veil between producers and consumers.

“What we hope to see is a fairer and more sustainable supply chain, which is better for everyone – including regional communities – over the long run,” he said.