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Oracle Customer Success — Certified Origins Italia Srl
Certified Origins Italia Enhances Supply Chain Traceability and Trust with Oracle Blockchain
ShareWe believe that buyers and growers deserve a world in which authenticity and quality are not only valued but verified. Managing traceability with blockchain technology is the logical progression of the whole traceability process for our Bellucci Premium Extra Virgin Olive Oil. We are using Oracle Blockchain to track shipments of our EVOO from our bottling facility in Italy to the port of arrival in the US. Oracle Blockchain Platform easily integrates with our partners’ systems, and we can create smart contracts between supply and distribution actors, thus reducing operational costs.
Certified Origins Italia Transforms Supply Chain with Oracle Blockchain
Challenges
- Meet customer demand for full transparency related to extra virgin olive oil provenance by creating a single source of truth to reflect the origin of shipments of EVOO from the bottling facility to the port of arrival in the US
- Streamline processes and information exchange between the company and its business partners—such as olive growers, processors, quality controllers, packagers, and distributors
- Reduce operational costs incurred by current certification procedures and paper-based processes for shipments from Italy to the US
Results
- Enabled portability of information across a critical portion of the Certified Origins supply chain by connecting the companies’ diverse production and transportation management software via Oracle REST APIs for blockchain to update and query information in the distributed ledger
- Reduced operational costs and human errors by automating each step of traceability from the bottling facility in Italy to the US ports—increasing mutual trust, willingness to share information, and collaboration towards meeting common goals
- Implemented smart contracts to establish commercial terms and give parties access to an immutable record of their agreements—reducing delays along the supply chain while eliminating contract-related disputes and execution errors and increasing trust and collaboration along the supply chain
- Enhanced the security of the supply chain tracking system from Italy to the US with Oracle Blockchain, by all transactions for this critical portion of the supply chain are digitally signed, cryptographically linked, and visible to all participants through their individual copy of the blockchain’s ledger, while also enabling disaster recovery.
- Reinforced Certified Origins Italia’s leadership and innovation by being at the forefront of ensuring food authenticity with the introduction of Blockchain technology as a means to certify product shipments to the US port.
For shipments of our Bellucci Premium EVOO from Italy to the US, the automation provided by Oracle Blockchain Platform simplifies the implementation of smart contract conditions such as matching purchase orders, invoices, and shipping information prior to triggering a payment. It greatly improves collaboration between all parties. It adds a further level of transparency and information that is valuable for consumers looking for quality products and helps us support the excellence of small farms.
Execution
About Certified Origins Italia Srl