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Blockchain tech is helping to reduce the impact of deforestation in Brazil

Published 09/23/2020, 04:00 PM
Updated 09/23/2020, 06:20 PM
Blockchain tech is helping to reduce the impact of deforestation in Brazil
AMZN
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Major meat processing company JBS S.A., has repeatedly come under fire for allegedly contributing to the illegal deforestation of the Amazon (NASDAQ:AMZN) rainforest. They are now using blockchain technology to create a unique solution to the problem.

According to a Sept. 23 report from Reuters, JBS said it plans to launch a blockchain-based traceability system for its meat supply chain to ensure it does not buy livestock from farms that are known to have illegally felled trees.

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