OpenSC
Originally developed by TechSoup with support from Filecoin.
OpenSC is a joint venture between the World Wildlife Fund Australia and BCG Digital Ventures using blockchain technology for ethical and sustainable supply chain management.
Website: https://opensc.org
HQ: Sydney, New South Wales, Australia
Active Markets: Australia, Colombia, Congo, Fiji Islands, France, Germany, Spain, United Kingdom
Problem Addressed
Addressing global climate change requires companies and individuals to rethink global food systems currently contributing to greenhouse gas (GHG) emissions. According to OpenSC 34% of GHG emissions and 70% of biodiversity loss are driven by food production. 80% of these emissions originate at the beginning of the food production supply chain.
Project Description
OpenSC verifies low carbon, sustainable food production practices from the source throughout the supply chain. OpenSC collects data directly from customer supply chains, analyzing and verifying sustainability claims. Through a combination of AI, IoT, blockchain, and satellite technologies OpenSC audits ethical production processes, traces the resulting products as they move through the supply chain, and facilitates the ability to share data demonstrating the sustainability of these products to businesses and consumers. For example, the project ensures palm oil fruit passing through the supply chain are sourced from legal plantations not contributing to deforestation and that fishing practices do not source from marine reserve zones. OpenSC also facilitates fair payment and treatment of farmers and suppliers contributing products.
Business Data
Status: Active
Constituency Served: Enterprise, smallholder farmers, general public
Networks: Ethereum
Known Investors: Working Capital, Christian Wenger
Additional References: n/a
Progress to date
OpenSC raised $4 million in a 2019 seed funding round. That same year CEO Markus Mutz and the OpenSC project were nominated for GQ’s Innovation Award. OpenSC is a Certified B Corporation.
Business Model
Revenue model not disclosed.
Traction
As of May 2024, OpenSC was verifying 15% the sustainable catch location of more than 15% of the global annual Patagonian toothfish catch; and has been working with Nespresso to trace all bags of coffee coming from the 1,185 smallholder farmers of the AMKA Cooperative in Democratic Republic of the Congo.