Though environmental concerns from retailers and consumers continue to mount, almost 75% of seafood sold today is not certified or rated as “sustainable”. While sea-to-plate traceability would go a long way to bridge this gap, it is not yet widely implemented. Is this because traceability is not feasible?
In an interview with The Economist World Ocean Initiative, Matthew McLuckie, Director of Investor Relations, Planet Tracker, explains that this argument does not hold.
According to McLuckie, the maturation of technology, including radio-frequency identification, remote electronic monitoring, blockchain and artificial intelligence, makes it easier for buyers to trace seafood products. Meanwhile, controversies related to high antibiotic use and illegal, unreported and unregulated fishing increase their desire to do so.
If retailers start making demands on suppliers to prove traceability and provenance of seafood products, then blockchain could play a role, he explains.
The full article is available here.
Commerzbank has launched the latest edition of FI.News, the bank’s newsletter for financial institutions. This issue of the biannual newsletter evaluates how the banking sector is building resilience in the face of changing circumstances following the outbreak of the COVID-19 pandemic.
Through interviews and deep-dive articles, Commerzbank’s experts share their latest region- and product-related insights into how the current environment may lead to future innovation and opportunity. The edition contains articles on FIs are accelerating their digital programmes, the importance of ISO 20022 migration, as well as updates on how the COVID-19 crisis has shaped the banking sectors in Latin America and Eastern Europe.
Moorgate-Finn has produced FI.News since 2013. The latest edition can be found here.
Speaking to GTR, Oswald Kuyler, newly appointed Managing Director of the ICC Digital Standards Initiative, explains why he decided to take up the job, the importance of the DSI and the challenges it faces, and what is happening in Asia specifically when it comes to the scaling up of digitalisation efforts in trade.
To read the article, please click here.