Blockchain tech is helping to reduce the impact of deforestation in Brazil
Cointelegraph
Published Sep 23, 2020 04:00PM ET
Updated Sep 23, 2020 06:20PM ET
Major meat processing company JBS S.A., has repeatedly come under fire for allegedly contributing to the illegal deforestation of the Amazon (NASDAQ:AMZN) rainforest. They are now using blockchain technology to create a unique solution to the problem.
According to a Sept. 23 report from Reuters, JBS said it plans to launch a blockchain-based traceability system for its meat supply chain to ensure it does not buy livestock from farms that are known to have illegally felled trees.
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Written By: Cointelegraph
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