A two-year-old AUD1.5m (more than A$13 billion) research project, led by the Queensland University of Technology, is working to verify the authenticity of—and trace—Australian beef exported to China. BeefLedger uses blockchain technology and smart contracts to create a secure, transparent provenance for meat, as well as facilitating cross-border logistics and payments. The Australian beef industry is worth AUD13bn annually.
A two-year-old AUD1.5m ($1m) research project, led by the Queensland University of Technology, is working to verify the authenticity of—and trace—Australian beef exported to China. BeefLedger uses blockchain technology and smart contracts to create a secure, transparent provenance for meat, as well as facilitating cross-border logistics and payments. The Australian beef industry is worth AUD13bn annually.