About OpenSC

OpenSC utilizes blockchain technology and IoT sensors to verify low-carbon and sustainable food production at the source, ensuring compliance with environmental and social standards. The platform addresses significant greenhouse gas emissions and biodiversity loss associated with food production by providing transparent traceability and fair payment verification for farmers.

```xml <problem> The global food industry faces challenges in verifying the sustainability and ethical claims of food production, leading to consumer distrust and difficulty in meeting ESG finance requirements. Existing supply chains lack transparency, making it difficult to trace the origin and production methods of food products, which contributes to environmental degradation, biodiversity loss, and social issues. </problem> <solution> OpenSC provides a blockchain-based platform that leverages IoT sensors and AI/ML technologies to verify low-carbon and sustainable food production at the source. The platform enables automated, continuous, and product-level data collection to trace products throughout supply chains and share information with businesses and consumers. By attaching digital tags at the point of catch or production and linking products in a blockchain platform, OpenSC ensures compliance with environmental and social standards, builds trust with consumers, and meets investor ESG requirements. The technology facilitates the verification of responsible production, creating incentives for supply chain actors to change behavior and realize efficiency gains. </solution> <features> - Automated and continuous verification of sustainability and ethical production claims - Product-level data tracking throughout the supply chain - Integration of AI/ML, sensors/IoT, blockchain/DLT, and space tech for comprehensive monitoring - Verification of deforestation-free palm oil by confirming the origin of palm oil fruit from legal and deforestation-free plantations - Verification of fair payment to coffee farmers to ensure a living income and reduce land-use-change pressure - Monitoring of fishing activities to ensure sustainability and prevent fishing in marine reserves - Immutable data storage on a blockchain platform for secure and transparent record-keeping - QR codes for consumers to scan and access product information, including origin, production methods, and journey through the supply chain </features> <target_audience> OpenSC targets large companies in key commodities, such as seafood, beef, sugar, paper, and cotton, seeking to verify low-carbon and sustainable food production, as well as consumers demanding transparency and businesses needing to meet ESG finance requirements. </target_audience> ```

What does OpenSC do?

Where is OpenSC located?

OpenSC is based in Sydney, Australia.

When was OpenSC founded?

OpenSC was founded in 2019.

How much funding has OpenSC raised?

OpenSC has raised 2720000.

Location

Sydney, Australia

Founded

2019

Funding

2720000

Employees

48 employees

Major Investors

Christian Wenger, Working Capital

Find Investable Startups and Competitors

Search thousands of startups using natural language

AI voice (2021+)underground pipe robots energy flexibility software

Start Searching

OpenSC

⚠️ AI-generated overview based on web search data – may contain errors, please verify information yourself! You can claim this account with your email domain to make edits.

Executive Summary

opensc.org 3K+

Crunchbase

Founded 2019 – Sydney, Australia

Funding

Estimated Funding

$2M+

Major Investors

Christian Wenger, Working Capital

Team (40+)

No team information available.

Company Description

Problem

The global food industry faces challenges in verifying the sustainability and ethical claims of food production, leading to consumer distrust and difficulty in meeting ESG finance requirements. Existing supply chains lack transparency, making it difficult to trace the origin and production methods of food products, which contributes to environmental degradation, biodiversity loss, and social issues.

Solution

OpenSC provides a blockchain-based platform that leverages IoT sensors and AI/ML technologies to verify low-carbon and sustainable food production at the source. The platform enables automated, continuous, and product-level data collection to trace products throughout supply chains and share information with businesses and consumers. By attaching digital tags at the point of catch or production and linking products in a blockchain platform, OpenSC ensures compliance with environmental and social standards, builds trust with consumers, and meets investor ESG requirements. The technology facilitates the verification of responsible production, creating incentives for supply chain actors to change behavior and realize efficiency gains.

Features

Automated and continuous verification of sustainability and ethical production claims

Product-level data tracking throughout the supply chain

Integration of AI/ML, sensors/IoT, blockchain/DLT, and space tech for comprehensive monitoring

Verification of deforestation-free palm oil by confirming the origin of palm oil fruit from legal and deforestation-free plantations

Verification of fair payment to coffee farmers to ensure a living income and reduce land-use-change pressure

Monitoring of fishing activities to ensure sustainability and prevent fishing in marine reserves

Immutable data storage on a blockchain platform for secure and transparent record-keeping

QR codes for consumers to scan and access product information, including origin, production methods, and journey through the supply chain

Target Audience

OpenSC targets large companies in key commodities, such as seafood, beef, sugar, paper, and cotton, seeking to verify low-carbon and sustainable food production, as well as consumers demanding transparency and businesses needing to meet ESG finance requirements.