- Fresh Del Monte Produce Inc FDP has invested a 39% stake in Decapolisa Jordan and UK based startup technology company.
- Decapolis provides blockchain-powered food safety and quality traceability technology for the food industry.
- The investment is part of Fresh Del Monte’s technology-driven mission to provide sustainable solutions that other companies and industries can benefit from.
- The two companies plan to roll out Decapolis Food Guard (DFG), a blockchain-based traceability solution, across all Fresh Del Monte businesses.
- The DFG will provide full traceability solutions via the DFG chain of record, which captures assessments at every stage of production, from planting to distribution, via QR codes.
- Anyone who scans the QR code can view a complete log of product information from farm to fork.
- “Consumers are now more aware than ever of what goes into their food. With this blockchain technology, they know exactly what entered the product and where it traveled by the time it was purchased for consumption,” said Chairman and CEO Mohammad Abu-Ghazaleh.
- Fresh Del Monte held $15.6 million Cash and cash equivalents as of July 1, 2022.
- Price promotion: FDP shares trade 4.61% higher at $24.73 on the latest check Tuesday.
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