Fishcoin

Fish blockchain Technology

Fish blockchain Technology is a Singapore-based startup that is committed to building an incentivized, blockchain-based traceability and data ecosystem for the global seafood industry. It aims to address the critical incentive problem and create a sustainable ecosystem for rewarding fishermen and supply chain intermediaries through micro-transactions, fostering sustainable practices within the industry.

The company's Fishcoin initiative is not merely a single application, but a series of decentralized open-source tools designed to integrate with existing industry applications. By establishing an appropriate reward structure for data capture and an interoperable architecture, Fishcoin aims to incentivize makers of third-party tools to participate in the ecosystem and be duly rewarded. This strategy is intended to accelerate the flow of data through supply chains, enabling buyers to make informed decisions based on actual metrics affecting safety and quality.

Fish blockchain Technology differentiates itself from other blockchain-based traceability platforms by leveraging the insider knowledge of its parent company, Eachmile Technologies (https:\/\/eachmile.co), which has considerable experience in facilitating traceable and sustainable seafood trade with institutional buyers. This expertise sets them apart, making their approach specific to the unique needs of the seafood industry.

The startup has recently secured CNY30.00M in an Angel Round investment on 11th April 2019, with UBIAI Technology as the investing firm. This injection of capital is expected to further fuel the development and implementation of the Fishcoin ecosystem, supporting its mission to revolutionize traceability and data management within the seafood industry. With its forward-thinking approach and strategic partnerships, Fish blockchain Technology stands out as a promising player in the blockchain space, particularly within the realm of sustainable seafood practices.