Tech giant Oracle (NYSE:ORCL) and the World Bee Project are developing a blockchain-based sustainability assurance system for honey on the supply chain, according to a report by Ledger Insights on July 5.
The honey-tracing blockchain will reportedly be developed on the Oracle Blockchain Platform. According to the report, this partnership aims to launch a “BeeMark” label, which is a purported guarantee that so-labeled honey comes from ecological and sustainable sources.