INS Ecosystem is a new startup that believes Blockchain technology can be leveraged to combat the grocery industry's food waste problem.
The new platform hopes to offer a more streamlined approach to selling surplus consumables directly to shoppers at discounted rates. The software will use Blockchain to "manage transactions and to underpin a token system to fulfill orders, adjust prices and offer rewards." The Blockchain-based software will aid in tracking, monitoring, and distribution of the grocery industry's expansive inventory, offering a connected and digital alternative.
The startup is set to launch later this year, and if all goes as planned, INS Ecosystem could cut the cost of groceries by 30% while also eliminating up to 130 million pounds of food waste annually.
Blockchain Food Waste Solutions
INS Ecosystem Hopes to Reduce 130 Million Pounds of Food Waste
Trend Themes
1. Blockchain-based Food Waste Reduction - Leveraging Blockchain technology to offer a more efficient way to sell surplus consumables at discounted rates, and track, monitor, and distribute inventory to reduce food waste.
2. Token-based Transaction Systems - Using tokens to manage transactions and adjust prices and rewards for grocery shopping can create a more efficient, connected, and digital shopping experience.
3. Streamlined Food Distribution - A more direct and connected approach to selling surplus consumables can reduce food waste and lower costs for both consumers and grocery stores.
Industry Implications
1. Grocery - Blockchain-based platforms can disrupt traditional grocery models by reducing food waste and offering a more efficient and cost-effective shopping experience.
2. Logistics and Supply Chain - Blockchain technology can aid in tracking, monitoring, and distributing inventory in the grocery industry, creating a more efficient and streamlined supply chain.
3. E-commerce - Token-based transaction systems can revolutionize the e-commerce industry by creating a more efficient and connected shopping experience that offers rewards and discounts.