BASF pilots end-to-end palm kernel oil supply chain traceability platform
BASF has completed a successful pilot of a proof-of-concept blockchain platform that enables end-to-end traceability in its palm kernel oil supply chain.
Partnering with tech provider Bext360, BASF said the blockchain platform would allow consumers to access greater traceability for every step along the palm value chain – directly from the farm through to the end consumer.
The platform brings the potential to put greater traceability and ingredient transparency directly into the hands of the end consumer using fully digitized and secure crypto blockchain technology,” it added.
“We are proud to advance our longstanding commitment to the responsible sourcing of sustainable palm ingredients by understanding how we can leverage the power of blockchain technology,” said Marcelo Lu, Senior Vice President, BASF Care Chemicals North America.
“I am excited that we are exploring new ways to provide greater transparency and connect consumers to the products they trust and love.”
Bext360 CEO Dan Jones added :“Our digital solution advances BASF’s commitment to responsible sourcing practices while protecting shared interests in quality products for the consumer and data-driven land conservation systems.
“We are excited to be working with industry leader BASF, to provide proof of origin, authenticity and sustainability for these critical supply chains.
Addressing transparency and traceability as a new consumer emerging trend, BASF will further explore applying this technology to other ingredients and supply chains.
“Once we receive the acceptance from the market, we will look to extend this into other sourcing areas and supply chains and scale up the palm kernel oil project from our region,” said Lu.
Other News
Featured Supplier
Oat Cosmetics is the leading supplier of natural and organic oat derived ingredients for the cosmetic and personal care industry.
Our ingredients are produced to the highest standards using modern, sustainable farming practices ensuring full traceability from field to face.
We market and sell our ingredients globally to...
Upcoming Events
in-cosmetics Korea 2022
Hall C, Coex, Seoul, South Korea
13 - 15 July 2022
PCHi China 2022
Shanghai World Expo Exhibition & Convention Center
18 - 20 July 2022
32nd IFSCC Congress
Park Plaza Hotel, Westminster
19-22 September 2022
in-cosmetics Latin America 2022
Expo Center Norte, Sao Paulo
21 - 22 September
Cosmetorium 2022
Palau de Congressos de Barcelona
28 - 29 September
SEPAWA 2022
Estrel Congress Center, Berlin
26 - 28 October
Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.
Download the FREE Personal Care Magazine app from your device's App store