PRESS RELEASE - February 6, 2019
Procurant, a new Silicon Valley company providing software solutions for the food industry, today announced the release of Procurant One, a cloud-based software platform that supports commerce, logistics, traceability and safety across the global food supply chain. The platform is the first of its kind to bring together blockchain, IoT and mobility across the complete food supply chain to provide a secure, traceable way for retailers and wholesalers to source, contract and buy perishable goods.
"Today there is unnecessary cost, complexity and waste in the fresh food supply chain. With Procurant One, we're taking the first step in offering an alternative to the legacy systems that aren't solving the challenges of this industry, either for buyers or producers, and modernizing the way safe, healthy food gets from farms to tables," said Eric Peters, CEO, Procurant.
Procurant One is the first release from Procurant, a company founded by industry and technology experts from leading enterprise software, retail grocery and food traceability solution providers. With decades of collective experience in the fresh food industry, Procurant's team knew the status quo systems of today weren't optimized to address the challenges of tomorrow.
"Most retailers today are using technology that's at least a decade or more out of date and are working with partners that haven't materially advanced the industry since the early 2000s. That translates into unnecessary costs, risks and complexity, and the whole system is long overdue for an upgrade," added Peters.
The journey of fresh food from its source to a consumer's table can pass through the hands of several businesses and locations. Each step along the way has the potential to introduce risks and costs for all involved. In addition, those working in the industry often play different roles and operate from multiple locations throughout the day. Because of this, Procurant One was designed from the ground up with flexibility in mind and with advanced technologies in the areas of blockchain, IoT and mobility. Unlike legacy systems that can require multiple logins or costly customization for unique workflows and job responsibilities, ProcurantOne easily adapts to complex roles and environments. The result is a platform that helps farmers, producers, shippers, distributors and retailers in their strategic planning as well as their day-to-day supply chain processes.
"This team is quite experienced, so even though we started with a blank sheet we had an advantage in knowing where significant benefits could be realized by our customers," "In addition, our customers want every aspect of the system to be mobile and easy to fit to their particular environments. So we designed Procurant One top to bottom with respect for what works and with business users in mind. Our advanced engineering approach with new technologies such as blockchain to guarantee the security of the data and IoT to better integrate sensors and devices of all kinds gives our customers a solid foundation for the modern food supply chain." said Bharath Kumar, Senior Vice President of Engineering, Procurant.
Key product features included in Procurant One include:
Most retailers today are using technology that's at least a decade or more out of date and are working with partners that haven't materially advanced the industry since the early 2000s. That translates into unnecessary costs, risks and complexity, and the whole system is long overdue for an upgrade.
Eric Peters, CEO