Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Capital on the Frontier Best Practices Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Humanity United backs Provenance’s blockchain-based supply chain-tracking



Provenance, a U.K.-based startup, uses blockchain software to combat “food fraud” and track food supply chains.

Products logged on Provenance’s platform are tracked from source to retail outlet with secure “digital passports” that provide information about the people, places, and materials behind that product.

The company is tracking tuna supply chains in Asia and produce supply chains with U.K. supermarket Co-Operative Group and has 200 brands signed onto its platform. It is hoping to enroll 1,000 food and beverage business by 2025. Provenance raised $800,000, led by Humanity United, which is backed by Pam and Pierre Omidyar.

Blockchain investor Digital Currency Group and several angel investors also invested.

Around the world, nearly $500 million worldwide is being invested in blockchain solutions to track everything from development aid to election validation.

You might also like...