Cryptonews: Cibus Food Ecosystem on Blockchain

About Cibus

A de-centralized, blockchain based platform that enables consumers to verify the quality and contents of the food they consume. CIBUS is a holistic food ecosystem that facilitates direct trade between food producers and consumers.

THE PROBLEM

Globally, food crime and adulteration are increasing at an alarming rate. Consumers have no visibility on food quality and safety and are solely dependent on regulatory authorities to ensure the authenticity of not just the food they consume but also the labelling on food products. Too many intermediaries’ in the food eco system increase the cost and the transit time of food as it travels from farms to the dining table of the consumers.

THE CIBUS SOLUTION

CIBUS provides consumers a mobile application based tracing tool to verify the quality and authenticity of food and dietary supplements that they consume on a daily basis. It revolutionizes the concept of food safety, enhances transparency and reduces consumers’ dependency on regulatory bodies for quality assurance. CIBUS creates an open, fair and free trade eco-system where consumers can directly interact and trade with producers and manufacturers. It eliminates all unnecessary intermediaries.

CIBUS’s Vision

Global supply chains are extremely effective these days but in many ways they are adulterated with non-transparency, fraudulent activities, outdated stocks, etc. Moreover, reliance on outdated technology or manual procedure creates unwanted gap between manufacturers and traders with consumers in several ways. Blockchain technology, which has the potential to be used as secured way to record and transmit data in a safe and decentralized networks, has now been counted as a promising way to improve these chains. One point that sets CIBUS apart from other almost similar projects is that CIBUS is going to launch hardware as well: best quality advanced and intuitive sensors that can continually monitor and steadily send data to the blockchain as an item transits from manufacturer to its end user. CIBUS is on the verge of creating a potential market. Most important factor in this system workflow is complete
transparency and conviction. The main focus will be to develop an ecosystem that address market issues, can bring down costs, and can boost efficiencies. All these components will help CIBUS to it be the most favourite for all stakeholders integrated in the supply chain — from the producers to traders to consumers. CIBUS is also creating a blockchain-centric procedure that has the flexibility to be used at different supply chain settings. CIBUS protocol is Ethereum-based and it can write smart contracts, which is expected to add heaps of efficiencies, along with transparency and responsibility to the whole chain. CIBUS is going to launch a new cryptocurrency token CIBUS token, which will be used on the CUBUS Platform only in a way that remains associated with each item within the chain. Amidst other things it holds the data as the food item moves ahead toward its consumers, and it also offers incentives for the stakeholders. CIBUS token is expected to be the central part of the equation. CIBUS seeks to facilitate a locked and sovereign supply chain, develop an improved distribution procedure and permit consumers to effortlessly see where their purchased products come from and the ingredients in it.

CIBUS’s Mission

The mission at CIBUS is project is:

To line up and transparent the global food supply chain and related market so that the interest and trust of consumers and farmers can be maintained at its best. At CIBUS our aim is to reward the farmers who put their labour in producing food and of course the consumers who has all the right to have quality food on their table.
Thus eventually, all stakeholders can yield profit from the elevated whole value proposition for verifiably quality food. Moreover retailers sourcing quality food products can trace and display the origins and superiority of their food, which consumer can check on their own. Governments will get to guarantee conformity by the food industry to standard and values by checking records and methods documented on the blockchain.
Apart from that Smart contracts can establish commercial relationships between different parties as well as can control/reduce risks and trading disputes, permitting suppliers and buyers to enter MOU without suffering from stress about the status or solvency of their counterparty.

DETAILS OF ALL BONUSES: