Project description
Blockchain technology to fight olive oil fraudsters
Your extra-virgin olive oil could be fake. It may have been diluted with low-quality and chemically refined oil or with oil that will be rotten by the time they reach consumers. The business of counterfeit olive oil in the European Union has grown rapidly, and inspections and fines cannot solve the problem. The EU-funded STOPTHEFRAUDINOLIVEO project is developing a blockchain-based product to act as a digital seal, allowing consumers to use their smartphones to easily detect counterfeit bottles. The project will reach out to olive oil products and associations in Europe to present them with the Olive Oil Digital Seals and explain how they can beat scammers.
Objective
Legal, serious European producers of original olive oil are struggling against the fraud committed by European and non-European counterfeiters. Solutions are not working well enough: either they don’t work, either they require high investments for small companies, either they unsuccessfully try to oblige non-willing distributors (more on that later)… Fines and inspections don’t work. And Consumers keep on been unprotected, at a European and non-European level. It is time to do something different and radical. In the following pages you will see • A deep-tech, working blockchain-based product that acts as a (digital) Seal, blowing away the economics of the counterfeiters. Please, do have a look! https://www.linkedin.com/feed/update/urn:li:activity:6489484643006509056 • A product that puts in the hands of hands of the customers, through their smartphones, and without apps or cryptocurrencies, a definitive weapon to tell out the original oil from the fake one and even more, once one bottle is identified as fake, the whole batch of counterfeited bottles is marked as “fake”. It is a kind of “vaccination”. • A product which has already an early adopter, producer of olive oil from millenary trees from Catalunya, Spain (https://www.filosofiagourmet.com/en/). • A company with ongoing talks with a larger group of producers of olive oil from Andalusia, interested in the product for their exports to Poland, UK and others. • A company that has contracts to issue more than 100.000 blockchain certificates in other fields (Education, Health and idCards), with a similar technology blockchain is not experimental for us! It is our business. And we want to make the Olive Oil Digital Seals a big business for Europe. Now we need to fine-tune the product and explore and expand the markets We plan to approach Olive Oil producers and associations in Europe to show our solutions, personalize it and make it it broadly accepted.
Fields of science
Not validated
Not validated
- social scienceseconomics and businesseconomics
- natural sciencescomputer and information sciencescomputer securitycryptography
- social sciencespolitical sciencespublic administrationbureaucracy
- engineering and technologyelectrical engineering, electronic engineering, information engineeringinformation engineeringtelecommunicationsmobile phones
Programme(s)
Funding Scheme
SME-1 - SME instrument phase 1Coordinator
08230 BARCELONA
Spain
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.