ImpactAlpha, Aug. 6 – Sydney-based Lumachain’s blockchain platform tracks the origin, location and condition of products in food supply chains in real time to boost transparency and ethical sourcing.
The product will help firms comply with the Modern Slavery Act, introduced in Australia last year.
Lumachain was founded by Jamila Gordon, a Somalia-born ex-Qantas executive who was forced into child labor as a five-year-old.
“I always knew I would create the technology where we would connect big companies around the world to buy products and sell products anywhere, knowing those products were ethically sourced and produced, and there’s no modern slavery involved,” Gordon told SmartCompany.
The startup’s $3.5 million round was led by Main Sequence Ventures, the innovation fund of CSIRO, Australia’s national science agency.