OwlTing incorporates blockchain technology
OwlTing, an e-commerce company in Taiwan that specializes in sourcing food from local farmers, has upgraded its supply chain infrastructure to include blockchain technologies, according to a press release.
The company's new "OwlChain" Ethereum-based platform was built by the fintech firm Amis and implemented as a means to improve food safety for consumers.
"Blockchain-based supply chain network services are getting more attentions from internet and fintech investors around the world," said Thomas Hu, founder and CEO of Kyber Capital, and an investor in OwlTing and AMIS. "OwlTing and AMIS have combined their R&D capabilities in e-commerce and fintech to build OwlChain, a new platform with huge business opportunities. This showcase has proved once again Taiwan's leading talent for Blockchain innovations. Kyber will continue to help OwlChain commercialize and expand to global markets."