PwC Singapore’s Venture Hub and DiMuto announce strategic partnership which will grow the global agri-food cold chain market
- Partnership with PwC Singapore’s Venture Hub will equip DiMuto with the expertise to scale up its operations globally in a bigger way
- Partnership will also see both parties build a trust framework, which aims to establish a set of principles to enhance safety and security of DiMuto’s Track & Trace blockchain solution in the food supply chain.
For a start, both parties intend to develop a trust framework for DiMuto’s Track & Trace blockchain solution which aims to establish a set of principles to enhance safety and security in the food supply chain. “DiMuto is in the business of creating trust, which we feel is sorely lacking in global trade. While many companies are already using blockchain technology to enhance traceability, more can be done to strengthen the trust factor and eliminate any lingering skepticism in relation to the usage of blockchain. This can be in the form of more well-defined industry standards to address potential governance gaps. We believe blockchain represents a new era of our economy and is here to stay. By developing a blockchain trust framework, we hope to raise standards and encourage greater adoption. Ultimately, we aim to create a healthy environment for disruptive innovation to positively impact our lives and the economy in a greater way,” added Mr Loh. -end- About DiMuto DiMuto is in the business of creating trust. We provide global supply chains with a trade technology platform built on 4Ts: Tracking, Tracing, Transparency and Trust – thus demystifying global trade and enabling collaborative commerce. The DiMuto Track & Trace blockchain platform creates end-to-end trade visibility and forms building blocks for further value creation in trade financing, product marketing and data analytics. Since 2018, DiMuto has successfully tracked and traced over millions of pieces in produce and millions in dollars of trade value on our platform. We work with a global portfolio of clients in over seven countries and five continents. DiMuto is founded by executive chairman Mr Gary Loh, who is also the Executive Chairman of First Alverstone Group. For more information, please visit www.dimuto.io. About PwC At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 158 countries with over 250,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com/sg. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
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