GBLC HAS FOUND CYX BEEF HEHEHE !!Canada beef: High growth market ideal for blockchain The application of blockchain technology to the global food supply chain management seems obvious from a cost savings standpoint to producers and retailers, it really goes beyond that to benefit all involved in the food system, starting from the farmers, including resources spent by government ministries such as public health offices, right down to the consumer in keeping them safe, said Peter Kim, CEO of Graph Blockchain (CSE:GBLC). The company leverages their proprietary integration of the AgensGraph Database engine with IBMs Hyperledger Fabric. Graph Blockchain was recently invited to the Canadian Embassy in Seoul Korea to meet with Counsellors from the Canadian Ministry of Trade and the Ministry of Agriculture as wells as senior officials of a food supply chain multinational conglomerate about the need for a blockchain platform for the safe and secure importation of Canadian Beef. The company has also had recent discussions with provincial representatives including the Directors of International Trade and Investment as well as the Federal level Trade Commissioner and Investment Officers representing Canada in China. As an example of how the global trade environment is becoming more about local in-person relationship building and not just solely about digital data management, Graph Blockchain is arranging for a delegation from one of its multinational partners to tour farms through invitations through Canadian provincial level trade and investment offices. Both South Korea and China are among Canadas top export markets for beef, totalling over C$100 million in trade each year. The two Asian nations are also among the worlds top five luxury beef markets, representing high growth markets for blockchain in the global food trade. South Korea holds huge potential for beef cuts and offals that are not in as high demand in North American markets, and consumers there have shown they will pay more for those products. Lower trade tariffs are also sure to help increase the value of those products for Canadas ranchers. At the top of the new year for 2019, South Korea dropped tariffs on 95 percent of Canadas exports, including beef, according to the Government of Canada website. South Korean duties on Canadian exports of beef offal were 18 percent; and for fresh, chilled and frozen beef cuts tariffs were at 40 percent. For 2019, the tariffs will be reduced to 9.8 percent and 26.7 percent, respectively, and totally eliminated by 2030. The importation of Canada Beef into South Korea is also a great example of a market where blockchain technology providers, food suppliers, regulators and governments can come together to collaborate on ensuring trust and safety. In 2015, South Korea placed a ban on Canada Beef imports after a case of bovine spongiform encephalopathy, or mad cow disease, was found on a northern Alberta farm. It took nearly 8 months for the Canadian Food Inspection Agency to find that contaminated feed was the most likely culprit and that no part of the cow entered human food or animal feed systems. And it took another two months for South Korea to lift the ban. A case of mad cow disease in 2003 at another Alberta farm severely damaged Canadas beef industry after 40 countries banned Canadian cattle and beef products, although most of those bans have since been lifted. Today, Canadas total global beef exports are worth about C$2.5 billion per year. Implementing a blockchain-based food and safety platform for Canada Beef trade has the potential to protect against devastating threats to consumer health, farmer reputations and billions of dollars in trade. Takeaway Blockchain technology can provide the global food trade with a secure and efficient method for tracking food farm to table capable of increasing the reliability and traceability of information, ensuring consumer protection and protecting brand reputation. Key stakeholders in the global food trade, including in high growth markets like the Canada Beef trade, are keen on replacing the industrys outdated and inefficient tracking protocols with 21st century technology.