Northern Europe’s Seafood Sector Using Blockchain To Meet The Increasing Demand
As the need for fish is growing, the innovative application of existing and new technologies is needed. This 18-month project will explore cutting-edge approaches to increase the region’s marine economy sustainably.
The project will be supervised by Highlands & Islands Enterprise (HIE), Nofima and the Icelandic Ocean Cluster. They will examine how new technologies can be used by companies in the Highlands and Islands and elsewhere in the northern periphery.
DisruptAqua will examine what distinct ICT technologies are most proper for Arctic seafood businesses. The advantages and costs will be considered as well as better understanding the way to practical application.
Scotland’s Cabinet Secretary for the Rural Economy, Fergus Ewing, stated: “This project promotes the innovative use of existing and new technologies, helping the industry meet the increasing demand for fish and supporting high skilled jobs. It will not only help seafood businesses in remote regions harness the potential of new technologies, but it will also strengthen our trade and investment links with our Nordic neighbors.”
Some analysis has already been carried out by allies on how new solutions could be utilized by businesses to attach value to their products while assuring sustainable production.
The DisruptAqua project has acquired €85,000 from NPA, financed by the European Regional Development Fund. HIE’s contribution is €17,500 and brings in a further €35,500 from ERDF, and the rest obtained from the other associates.
Elaine Jamieson, head of food and drink at HIE, stated:
“Aquaculture is an essential economic activity in parts of the Arctic region. Scotland has been cooperating with our Northern Periphery and Arctic neighbors for over 25 years on addressing common challenges and opportunities and delivering tangible outcomes to businesses and communities in the sparsely populated areas in the north. We are especially delighted to lead on this project in light of the recently launched Scottish Government’s Arctic Policy Framework, which recognizes the need for even closer Scottish-Arctic cooperation.”
The model developed by this project will create on the existing knowledge over Norway, Scotland, and Iceland. It will help assure blockchain traceability of high-value seafood commodities by the supply chain, from primary producer to customer, guaranteeing value linked with provenance, environmental stewardship, quality, and trust.
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