In an exclusive interview, executive director and chief...

In an exclusive interview, executive director and chief executive officer of CCP Technologies, Michael White told Small Caps that “globally, food companies are coming under increasing pressure to reduce food waste. A huge amount of food is wasted through the cold chain due to temperature violations; and people die every day from foodborne illness.”

“To mitigate the risk of refrigeration infrastructure failure in the cold chain, we sell a cost-effective IoT solution to the food industry to continuously monitor temperature and other critical control points.”

“Every day our customers are being alerted to breaches of temperature tolerances; and therefore, reducing food waste. New features we’ve just release provides the business intelligence need to proactively manage refrigeration system on an enterprise scale.”

“The move to Blockchain is clear. The world’s largest retailer, Walmart, recently announced that by September 2019, it will be mandatory for all suppliers of leafy green vegetables to upload their data on a designated blockchain application. It’s only a matter of time before all perishable foods will go the same way.”

“To promote greater transparency and efficiency including temperature management KPIs in the supply chain, we’ve recently demonstrated our IoT solution integrating with a blockchain application. This positions CCP to support the global perishable food industry move towards smart contracts,” Mr White said.

“In a short period of time, CCP has established a solid foundation. We have a patented IoT critical control point monitoring solution being used by an increasing number of food industry customers in Australia and the USA. Our ecosystem is growing, including relationships with global Telco’s and other multi-nationals. We’re now in an enviable position of being able to quickly extend into new business opportunities and other markets, including a managed cold-chain service offering and a potential B2C play which is a massive opportunity,” Mr White said.

https://smallcaps.com.au/ccp-technologies-internet-of-things-solve-global-food-wastage-crisis/