Itochu launches NR block-chain traceability system

Tokyo – Japanese trading company Itochu Corp. has launched a proof of concept (PoC) with the aim of developing a block-chain traceability system for natural rubber.

The move will ensure stable procurement and supply of raw material for Itochu’s partners and improve traceability of distribution, said the company 1 Feb.

The PoC will be rolled out for the natural rubber supply chain of Indonesia headquartered Pt. Aneka Bumi Pratama (ABP), an Itochu-owned NR processing company.

The scheme aims to use a smartphone app that allows buyers and sellers…

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