Ecosystem For The Global Seafood Industry
Eachmile Technologies Pte. Ltd. (www.eachmile.co) is led by a team of highly experienced industry execs from the global seafood and telecommunications industries. The company has launched the Fishcoin ICO, whose token (FISH) brings blockchain to the entire global seafood industry. The company has developed the mFish DAPP, which uses blockchain to capture key supply chain data elements from the critical first mile at the dock onwards and leverages the compelling adoption rates of data-enabled mobile phones in developing countries. This DAPP is market-ready and will be further supported by a distributed data exchange platform for the global seafood industry. The exchange makes it possible for any global DAPP developer to launch a localized or regionally-compelling product or service (e.g. SEA trade finance, insurance, etc.) to use the token to access, leverage and otherwise enhance the immutable supply chain data made possible by blockchain.
Seafood is one of the largest industries on the planet. 1 out of every 10 people on earth derive their incomes from seafood, and the wholesale export-import value alone is more than $150 billion. The seafood industry is about to make the leap into being data driven, but is not there yet. In fragmented seafood supply chains incentive structures for data sharing are misaligned and trust is abysmal. The industry needs a common protocol for sharing data, along with a scalable and borderless incentive structure that is meaningful to the masses of fishers and fish farmers primarily located in developing nations. Fishcoin combines the mechanism for data sharing, using blockchain, with a scalable incentive (pre-paid mobile top-ups) using Fishcoin, that is meaningful to the millions of fishers and fish farmers around the globe from the large seafood producing nations like China, Vietnam, Indonesia, Thailand and many more.