DiMuto At Tribe Accelerator Global Demo Days

As one of the 9 startups selected to join Tribe Accelerator, a Singapore government-backed blockchain accelerator, DiMuto pitched to over 500 people during Tribe Accelerator’s Global Demo Days that took place in Singapore, Shanghai, Dubai and Abu Dhabi respectively.

DiMuto Founder and Chairman Gary Loh shared about how we help create digital identities for physical assets – for each fruit and each carton.

He also shared about our implementation successes.

On the consumer end, we can help companies engage them and collect feedback and conduct lucky draw promotions.

For the Singapore Demo Day, the team provided all attendees with an apple to showcase our consumer marketing solutions.

Real-time scanning and accessing of our marketing product page.

The batch II startups and Tribe team at Shanghai.

More photos from the Singapore Demo Day:

 

The Digital Supply Chain: How does Digitalizing Produce Help Solve Food Safety and Food Waste?

This is the first article in the series “The Digital Supply Chain”. This series explores what is digitalisation, reasons for digitalisation and best methods for digitalisation of agri-food supply chains.

What is a Digitalised Produce?

A digitalised produce is simply a physical produce that has a digital identity. At DiMuto, we help to digitalise produce by tagging each fruit or vegetable with a QR Label. The QR Label acts as a digital identifier for each fruit and contains data pertaining to the fruit.


DiMuto QR on Western Australia apples

It is this data that now has the potential to transform the entire food supply chain and help solve major problems faced by the industry, such as food safety and food waste.

The Global Food Safety and Food Waste Crisis

The Produce Marketing Association (PMA), a 22000 member trade organization representing companies from every segment of the global fresh produce and floral supply chain, announced the switch from generic produce Universal Product Codes (UPCs) to company and brand specific produce IDs last month, a symptom of the industry-wide need for a higher level of traceability in the produce supply chain.


Romaine Lettuce (Photo by Skitterphoto from Pexels)

The news comes hot on the heels of the fourth E.Coli outbreak linked to U.S. Romaine Lettuce in just a short span of two years. The struggle to identify specific farms that cause the disease outbreak continue to plague U.S. regulators, despite improved ability to track ingredients and pathogens in different locales. Due to this lack of traceability down to product and farm level, the FDA recalled all romaine lettuce originating from Salinas, effectively shutting down the Salinas lettuce industry. Despite having scientific validation that their products are clean and there is no cross contamination, growers are required to stop shipments.

Food safety outbreaks typically have devastating impact on farmers and suppliers who have to destroy entire crops, amounting to enormous burden on economies from disruptions or restrictions in global and regional agri-food trade, loss of food and associated income and wasted natural resources.

Strawberries being mass-dumped in Western Australia. (Photo by Jamie Michael via ABC)

The consequences of food safety outbreaks and food waste are thus felt by all stakeholders in the supply chain. According to Food Safety Magazine, a total of 382 food recalls occurred in 2018 alone. The WHO estimates that as many as 600 million people around the world fall victim to foodborne illnesses every year. The Food and Agricultural Organisation (FAO) of United Nations says that a third of food produced for human consumption worldwide is annually lost or wasted along the chain that stretches from farms to processing plants, marketplaces, retailers, food-service operations, and our collective kitchens, costing industrialised and developing countries a staggering $US990billion each year.

Heavy costs of global food safety issues and food waste each year

Digitalization of Produce Allows Greater Traceability

With digitalization of fresh produce, industry players and regulators are now able to track the fruits down to the product and carton level as they move through the food supply chain. Beyond scientific documentation certifying good practices that by itself deemed insufficient by regulators, supply chain stakeholders can now “see” the product and carton itself, giving them a clearer picture of produce origin.

This can be done effectively with DiMuto solutions. Our proprietary Digital Asset Creation (DAC) system, otherwise known as DACkys, are able to capture not only a photo of each product and carton, but all the information associated with said product and carton, which is accessible on our DiMuto Platform. This ability to easily see all the relevant data on a single platform brings a new level of visibility and traceability to supply chain stakeholders including growers, packers, traders, retailers, wholesalers, and regulators.

With digitalisation of produce, food authorities are now able to better identify and isolate the source of the food safety outbreak – allowing produce from other farms to continue operations and shipments, preventing economic loss and food wastage mass dumping of crops from safe farms, and tackling food wastage at the source, which may be more effective compared to existing efforts such as the “ugly produce” movement that work on solutions applicable only much further downstream of the supply chain.

Not only does this mean that there would be better food safety across the supply chain, the new level of visibility would also mean that consumers can be notified about food safety issues much earlier. Consumers were only made aware of the U.S. E. Coli outbreak 6 weeks after the authorities established Romaine Lettuce as the cause of the outbreak.

Food traceability is more meaningful when it is beyond just documentation level and benefit stakeholders throughout the global food supply chain.

If you are interested to learn more about how DiMuto helps create traceability for fresh produce, please reach us here or drop us an email at sales@dimuto.io.

Agri-Food Trade Tech Solutions Platform DiMuto Secures Investment from SGInnovate

[Press Release]

Agri-Food Trade Tech Solutions Platform DiMuto Secures Investment from SGInnovate

  • Through blockchain, IoT and AI, DiMuto uses data from digitalising agri-food supply chain to solve agri-food supply chain problems such as food wastage, food safety and food sustainability
  • The funding and support from the government-owned venture firm will expedite global growth for DiMuto in new target markets

Singapore, 2 December 2019 – DiMuto, a trade tech solutions platform that provides end-to-end supply chain visibility for global businesses, is the latest portfolio company under SGInnovate. DiMuto is backed by the Singapore Government-owned venture firm to tackle global trade and supply chain problems with its technology.

Using blockchain, IoT and AI in its trade solutions, DiMuto digitalizes the agri-food supply chain for data visibility and trade transparency, aiming to solve the industry’s various challenges, including the staggering US$110 billion loss stemming from food safety breaches each year, as discovered by a 2018 World Bank study.

“Food security, safety and provenance are some of the biggest issues in the global food system today. DiMuto seeks to tackle these issues with blockchain-based solutions that can bring greater transparency to the Agri-Food supply chain. This demonstrates how Deep Tech can be applied in the real world to create an impact. We are excited to support them in their journey to expand to new markets and contribute to bringing safe and sustainable food for all,” said Hsien-Hui Tong, Head of Venture Investing, SGInnovate.

DiMuto creates traceability for every single fruit as they move through the supply chain – from farms, factories, cold chain to distribution channels and end consumers. Through its proprietary Digital Asset Creation devices (DACky), DiMuto tags each fruit and carton with QR labels and captures images of every carton. Data such as relevant trade documents is then associated with the product information and uploaded onto its blockchained trade platform, effectively reducing disputes over quality and creating trust amongst trade parties.

“We would like to thank SGInnovate for believing in our vision to redefine trust in the global trade landscape. With data captured using our solutions, stakeholders in the agri-food supply chain are now able to solve key challenges such as food traceability, trade disputes, as well as trade financing,” said Gary Loh, Founder and Chairman of DiMuto.

To date, DiMuto has tagged over 30 million fruits and tracked and traced over US$100million worth of agrifood trades. With presence in 7 countries including US, China, Indonesia, Australia and Mexico, the new funding and strategic support from SGInnovate will allow DiMuto to further capitalize on its global growth momentum, and help drive further international expansion into new markets such as Europe and Latin America in the next few months.

-end-

 

About SGInnovate 

At SGInnovate, we build and scale Deep Tech startups into high potential companies with global impact. We believe that hard global problems can be solved using Deep Tech, and Singapore, where we are based, is uniquely positioned to realise Deep Tech innovations that can tackle these challenges. Our Deep Tech Nexus Strategy is focused on adding tangible value to the Deep Tech startup ecosystem in two key areas – development of Human Capital and deployment of Investment Capital. With the support of our partners and co-investors, we back entrepreneurial scientists through equity-based investments, access to talent and business-building advice. Our efforts are prioritised around emerging technologies such as Artificial Intelligence, Autonomous Tech, MedTech and Quantum Tech, which represent impactful and scalable answers to global challenges. SGInnovate is a private-limited company wholly owned by the Singapore Government. For more information, please visit www.sginnovate.com

 

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.

##

For media queries, please contact:

Grace Chiang
Email: grace@sginnovate.com

HuiMin LEE
Email: huimin@dimuto.io

As featured on the news:

The Business Times

Tech in Asia

e27

FruitNet

DiMuto at Enterprise Singapore Tech for Commods Day 2019

DiMuto was invited by Enterprise Singapore to speak and exhibit at the inaugural Tech for Commods Day 2019. The event aims to help simplify the journey of digitalisation for commodity trading firms through its community of technology partners to help you digitalize the entire trading value chain systematically.

The event saw over 200 participants from various solutions partners and commodities firms from 27 countries, where exhibitors and attendees shared about trends and best practices to help companies optimize processes to drive productivity and profitability.

DiMuto COO Adrian Teo was invited to speak on the Breakout Track “Digitalising Your Supply Chain” to share about how DiMuto helps companies to digitalize their agrifood commodities at the upstream portion of the supply chain.

Other photos from the event:

 

 

DiMuto at Singapore FinTech Festival 2019

DiMuto COO, Adrian Teo, was invited by PwC Singapore to share about DiMuto Trade Solutions during the Singapore FinTech Festival 2019. It was a great event for DiMuto to be present and show how we can utilize technology like Fintech in our solutions for the agri-food supply chain to help our customers including packers, buyers, suppliers to trade better.

Here are some of the photos of the event:

 

DiMuto Head of Tech Hendry Poh, Chief Operating Officer Adrian Teo, Chief Communications Officer HuiMin Lee, with PwC Singapore Venturehub Louise Broderick and Patrick Yeo

 

DiMuto with Tribe Accelerator Team

DiMuto Launches AgriFood Visibility and Trade Solutions For US Market at PMA Fresh Summit 2019

DiMuto Launches AgriFood Visibility and Trade Solutions For US Market at PMA Fresh Summit 2019

DiMuto Launches AgriFood Visibility and Trade Solutions For US Market at PMA Fresh Summit 2019

DiMuto was an exhibitor at PMA Fresh Summit 2019, showcasing our by-trade-for-trade solutions to global agrifood players.

Photos from the exhibition:

Our team explaining our solutions to trade show participants.

 

The 3-day exposition saw a total of over 19,000 visitors from over 60 countries.

 

Our founder Gary Loh was a panel speaker for “What are the opportunities for Southeast Asia?”

Showcasing how DiMuto helps to solve trade disputes over quality between buyers and sellers for the fresh produce industry.

In the US, DiMuto has applied blockchain-powered food traceability and supply chain visibility for Californian Citrus Exports. Above are Jeff and Cristiane Pilegard, owners of Fancher Creek Packing.

DiMuto QR Labels being used to tag and track Century Mark, Californian Citrus exports for the Asian markets.

With individual citrus being tagged using DiMuto solutions, Fancher Creek Packing is now able to share produce quality at the point of packing with its buyers.

Our founder Gary Loh was also interviewed for PMA TV as well, video coming soon.

Thank you to the PMA team for a fruitful Fresh Summit 2019. We look forward to supporting PMA for the PMA SEA Summit in March 2020.

DiMuto takes another step towards food safety with its involvement in the PMA Gold Circle Campaign

[Announcement]

DiMuto takes another step towards food safety with its involvement in the PMA Gold Circle Campaign

  • DiMuto commits to raising the bar for food safety and a healthier world through the Produce Marketing Association Gold Circle Campaign for Food Safety
  • The trade technology service company joins over 350 fresh produce industry players to promote food safety, strengthen consumer confidence, and support increased demand for fresh produce worldwide

Singapore, 2 October 2019DiMuto, a tech-based trade solutions platform that provides end-to-end supply chain visibility for global businesses, is reinforcing its commitment to food safety by participating in the Produce Marketing Association (PMA) Gold Circle Campaign for Food Safety.

The Gold Circle Campaign strengthens global food safety and consumer confidence by focusing on food safety initiatives, industry and consumer research, key partnerships with industry groups, government agencies, and educational events.

As part of the PMA Gold Circle Campaign for Food Safety, DiMuto joins more than 350 fresh produce suppliers and buyers – from growers and distributors to retailers, foodservice operators and solutions providers – to promote food safety, strengthen consumer confidence, and support increased demand for fresh produce worldwide.

DiMuto’s low-cost trade solutions align perfectly with the campaign’s objectives, as its Track & Trace blockchain technology seamlessly integrates with supply chain workflows and existing systems. This creates traceability and accountability for each fruit, from farms, factories, cold chain to distribution channels and end consumers. Every single fruit is tagged with a QR label, photographed and tracked at each stage of the supply chain to provide end-to-end, 24/7 visibility from farm to fork. Data is encrypted and loaded onto the distributed digital ledger, enabling verified documents and data to be shared on a single platform, reducing trade disputes over quality and strengthening trust amongst all parties.

“We find ourselves aligned with the goals of the PMA Golden Circle Campaign. DiMuto’s priority in business has always been to create trust in the global trade and ensuring food safety across the global produce supply chains is an integral step in fostering that trust,” said Mr Gary Loh, DiMuto’s Founder and Chairman. “We hope greater adoption of our technology can tackle age-old issues of the produce industry globally, not just in terms of food safety, but transparency and food wastage as well.”

In recent months, DiMuto has secured deals with major global players in the fresh fruits industry, including US-based citrus packer Fancher Creek Packing, Australia-based spaghetti squash trader Morning Glory Enterprise, as well as Thailand’s largest durian exporter Queen Frozen Fruit, to tag, track and trace millions of fruits for export to various parts in Asia. DiMuto has been inducted into the GS1 Singapore Solution Partner Program to offer blockchained trade management solutions for member companies of the not-for-profit Global Standards 1 based in Belgium.

-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 Produce Marketing Association (PMA)

PMA, a global trade organisation representing companies from every segment of the global fresh produce and floral supply chain, founded the Gold Circle Campaign to address the industry’s challenge of increasing food production with fewer resources while bolstering confidence in the safety of fresh fruits and vegetables. In particular, the Campaign funds critical research and education delivered by dozens of research-based organisations, including the Center for Produce Safety (CPS) at the University of California, Davis. CPS focuses on prevention research that delivers real-world solutions applicable to the entire produce supply chain.

To learn more about the Gold Circle Campaign, visit www.pma.com/members/gold-circle.

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For media queries, please contact:

SEAH Kah Teik
Phone : +65 3163 7475
Email : dimuto@kreab.com

HuiMin LEE
Chief Marketing Officer
Email: huimin@dimuto.io

DiMuto breaks into US market with Central Valley citrus packer Fancher Creek Packing

[Press Release]

DiMuto breaks into US market through deal with Central Valley citrus packer Fancher Creek Packing

  • DiMuto’s first foray into the USA, following deals with key fruits industry players in the Asia Pacific region
  • Central Valley citrus packer Fancher Creek to apply DiMuto’s Track & Trace blockchain technology to tag citrus fruits, including oranges, lemons and grapefruits, for export. DiMuto will also aid Fancher Creek in penetrating Southeast Asian markets
  • The deal underscores the scalability and interoperability of DiMuto’s trade management platform as an effective solution for global supply chains

Singapore, 23 September 2019 – DiMuto, a tech-based trade solutions platform that provides end- to-end supply chain visibility for global businesses, has expanded its footprint into the USA by closing a deal with major citrus packer Fancher Creek Packing (“Fancher Creek”). Using DiMuto’s Track & Trace blockchain solution, Fancher Creek will tag citrus fruits, including oranges, lemons and grapefruits, from the US to various parts of Asia.

Located in Visalia, within the agricultural San Joaquin Valley, Fancher Creek’s packing facility is strategically situated in the heart of California’s Central Valley, which grows over 250 different crops, with an estimated value of US$17 billion, annually. Central Valley is also responsible for a quarter of the food production in the US. Fancher Creek works with growers, packers and shippers to provide citrus produce to the rest of the US, as well as overseas markets, such as Japan and Korea. Additionally, DiMuto will aid Fancher Creek in expanding its distribution channels by penetrating Southeast Asian markets in DiMuto’s trade network, including Indonesia, Malaysia and Singapore.

As part of its trade solutions, DiMuto’s Track & Trace blockchain technology is a low-cost, effective solution that seamlessly integrates with supply chain workflows and existing systems to create traceability and accountability for each fruit, from farms, factories, cold chain to distribution channels and end consumers. Every single fruit is tagged with a QR label, photographed and tracked at each stage of the supply chain to provide end-to-end, 24/7 visibility from farm to fork. Data is encrypted and loaded onto the distributed digital ledger, enabling verified documents and data to be shared on a single platform, reducing trade disputes over quality and strengthening trust amongst all parties.

Mr Gary Loh, DiMuto’s Founder and Chairman, said, “We are tremendously excited to be working with Fancher Creek to break into the US market and establish a presence in California’s Central Valley. The adoption of our technology by more players across the global produce industry underscores the scalability of our all-in-one trade management platform. It is platform-agnostic and interoperable among the different blockchain systems currently used by the big international retailers, and we envisage a faster rate of market adoption for our trade solution as retailers are increasingly requesting for suppliers to go on the blockchain to complete end-to-end traceability. As such, DiMuto ensures that we meet the needs of our global clients by adhering to internationally-accepted and business-led standards.”

DiMuto was most recently inducted into the GS1 Singapore Solution Partner Program (“SPP”) to offer blockchained trade management solutions for member companies of the not-for-profit Global Standards 1 (“GS1”) based in Belgium. As part of the SPP, DiMuto’s solutions can be easily adopted by GS1 supply chain players all over the world for their trade management needs.

-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.

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For media queries, please contact:
SEAH Kah Teik
Phone : +65 3163 7475
Email : dimuto@kreab.com

HuiMin LEE
Chief Marketing Officer
Email: huimin@dimuto.io

As featured on the news:

Perishable News

FreshPlaza

FruitNet

The Packer 

DiMuto Joins Tribe Accelerator Batch II

DiMuto is now part of Tribe Accelerator Batch II. Tribe Accelerator is  a blockchain accelerator that works closely with the Singapore Government, championing to be a neutral platform in driving collaboration and growth of the blockchain ecosystem.

Founder Gary Loh introducing DiMuto

As one of the second cohort of companies for Tribe Accelerator, the DiMuto team attended the Launch event to meet the accelerator’s partners and fellow companies of Batch II.

DiMuto is thrilled to present our global trade solutions platform for the supply chain and agrifood industry for the upcoming programmes of the accelerator.

Read about the startups from Batch II here.

Some photos from the launch event:

As featured on the news:

Fintechnews SG – Meet the 8 Startups Selected for Singapore’s Government Backed Blockchain Accelerator

Fintechnews SG  –  Singapore’s Blockchain Map Proves That It Is a Hotbed for Blockchain Innovation

The Business Times – Startups in Singapore blockchain accelerator Tribe raise S$21.5m

DiMuto joins GS1 Singapore Solution Partner Program (SPP)

[Announcement]

DiMuto joins GS1 Singapore Solution Partner Program (SPP) to offer blockchained trade management solutions

Singapore, 16 August 2019 – DiMuto, a tech-based trade solutions platform that provides end-to-end supply chain visibility for global businesses, has joined the GS1 Singapore Solution Partner Program to offer blockchained trade management solutions for companies using GS1 systems.

Complementing GS1 standards, DiMuto’s all-in-one trade management platform aims to tackle key issues that are hampering global trade in the agri-food cold chain market, including financing, supply chain transparency, access to new markets as well as food safety and wastage. Specifically, it aims to level the playing field for small and medium- sized fruits businesses to compete with big global brands.

Its Track & Trace blockchain technology is a low-cost, effective solution that is integrated into supply chain workflows and existing systems to create traceability and accountability across the entire supply chain. This is enabled through DiMuto’s Digital Asset Creation (DAC) system to digitise physical goods, such as fresh produce, into traceable digital assets allowing users to track the assets at each stage of the supply chain.

Apart from addressing the problems arising from the disconnected visibility, its trade solutions platform provides meaningful data analytics to help industry players better understand buyers, optimise production and sales, and improve their business operations. In addition, DiMuto is working with its customers to provide trade financing and, with its established network of industry players across the world, access to new export markets.

Mr Gary Loh, Chairman and Founder of DiMuto, says, “DiMuto’s goal to demystify global trade and enable collaborative commerce ties in with GS1 Singapore’s efforts to improve supply chain management among its member organisations. Blockchain solutions form only one part of our all-in-one trade management platform. We will be rolling out more modules that leverage the latest technologies to benefit our customers’ operations. We look forward to working with GS1 member organisations to provide trade solutions derived from the best practices established by global supply chain standards.”

Since its establishment in 2018, DiMuto has captured global growth momentum with the support of key produce industry leaders in Asia and the Americas. It is building global industry benchmarks for trade blockchain solutions with PwC Singapore’s Venture Hub. In June 2019, DiMuto closed a deal with Queen Frozen Fruit, Thailand’s largest exporter of durians, to tag, track and trace over four million durians. Its trade financing partner, Havenport Investments leverages the Track & Trace solution to conduct more accurate credit assessment and provide financing to Queen Frozen Fruit.

During its product trials between March 2019 and June 2019, DiMuto tagged 1.2 million fruits (durians, apples, avocados, lemons and oranges) for various industry players in the US, Thailand, Mexico, Australia and China. It is set to apply its technology to other produce categories, including longans and mangosteens.

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About GS1 Singapore

GS1 Singapore, which is affiliated to Singapore Manufacturing Federation, is part of the not-for-profit Global Standards 1 (GS1) organisation based in Belgium, Brussels with offices in 115 countries. GS1 Singapore has close to 2,000 member companies across multiple sectors and is working with organisations and public agencies such as SPRING Singapore, iDA, CUSTOMS, HSA and e2i to promote and drive adoption of standards, thus helping Singapore companies to improve their competitiveness and operational efficiencies.

For more information visit https://www.gs1.org.sg/Home.aspx

About DiMuto Pte Ltd 

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

GS1 Singapore Contact:

Ms. Esther Goh
Manager, Marketing & Partnership
M: +65 6826 3089
E: esther.goh@gs1.org.sg

DiMuto Contact:

Ms. HuiMin Lee
Chief Marketing Officer
M: +65 9231 8607
E: huimin@dimuto.io

To see the original Press Release, click here.