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BASF pilots end-to-end palm kernel oil supply chain traceability platform

BASF has completed a successful pilot of a proof-of-concept blockchain platform that enables end-to-end traceability in its palm kernel oil supply chain.

Partnering with tech provider Bext360, BASF said the blockchain platform would allow consumers to access greater traceability for every step along the palm value chain – directly from the farm through to the end consumer.

The platform brings the potential to put greater traceability and ingredient transparency directly into the hands of the end consumer using fully digitized and secure crypto blockchain technology,” it added.

“We are proud to advance our longstanding commitment to the responsible sourcing of sustainable palm ingredients by understanding how we can leverage the power of blockchain technology,” said Marcelo Lu, Senior Vice President, BASF Care Chemicals North America.

“I am excited that we are exploring new ways to provide greater transparency and connect consumers to the products they trust and love.”

Bext360 CEO Dan Jones added :“Our digital solution advances BASF’s commitment to responsible sourcing practices while protecting shared interests in quality products for the consumer and data-driven land conservation systems.

“We are excited to be working with industry leader BASF, to provide proof of origin, authenticity and sustainability for these critical supply chains.

Addressing transparency and traceability as a new consumer emerging trend, BASF will further explore applying this technology to other ingredients and supply chains.

“Once we receive the acceptance from the market, we will look to extend this into other sourcing areas and supply chains and scale up the palm kernel oil project from our region,” said Lu.

See more about BASF

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Upcoming Events

in-cosmetics Global

Paris Expo Porte de Versailles
16th – 18th April 2024

NYSCC Suppliers' Day 2024

Javits Center, New York
1st - 2nd May 2024

9th Anti-Ageing Skin Care Conference

Royal College of Physicians, London
25th - 26th June 2024

in-cosmetics Korea 2024

Hall C, Coex, Seoul, South Korea
24th - 26th July 2024

in-cosmetics Latin America 2024

São Paulo, Brazil
25th - 26th September 2024

IFSCC 2024

Recanto das Cataratas Thermas Resort, Iguazu Falls, Brazil
14th - 17th October 2024

Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

Download the FREE Personal Care Magazine app from your device's App store

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