Fogo de Chao is a Texas-based steakhouse which is among the first to be disrupting the agriculture and restaurant industry by using blockchain technology. In the latest cryptocurrency news below we read more about this US restaurant and its goals to track the food on the blockchain.
Fogo de Chao will integrate blockchain technology in its restaurants in order to have more transparent information about the meat served to its customers. The restaurant along with a cattle ranching company is now entering the crypto industry together.
Cattle ranchers will be able to put all of the information about their animals and store it on the blockchain. This way, restaurants can be sure where their meat is coming from and customers can check up the history of the animal’s life from ranch to table.
Fogo de Chao has multiple locations across the United States and the Middle East.
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It has partnered with a Texas-based tech startup HerdX which proves to be the first partnership of this kind. HerdX official stated:
“We are launching first in Fogo de Chao’s three Dallas locations and then quickly scaling with them to all of their 52 locations.”
The CTO of the tech startup Austin Adams explained:
“Our main goal is to promote the legacy of the two percent of people that actually raise the animals that Americans eat. By doing that, we’re also able to create a safer supply chain.”
By using your smartphone when you go to Fogo de Chao, you will be able to access the history of the animal. The app that is built on the blockchain will provide you with all the necessary data. All you need to do first is to scan a QR code that is printed on the menu. After this, you will be able to see where the meat originated from and how it found its way into the restaurant.
In the meantime, the ranchers are connected to the blockchain as well and can track the habits and behavior of their animals. The CEO of Fogo de Chao Barry McGowan pointed out:
“We’ve got one of the safest food supplies in the world. What’s great is technology is just advancing the conversation. And now, the blockchain is going to accelerate it.’’
The blockchain can bring more social good that we thought so. The food supply chain is able to provide maximum transparency and can help countries who have low food safety management skills.
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