The blockchain-based startup Fishcoin plans to apply blockchain technology to bring more traceability to the seafood supply chain, reports Cointelegraph.

Using decentralized ledger technology (DLT), it aims to link fishermen and fish farmers at the point of harvest to global seafood supply chain actors, ranging from distributors, processors, wholesalers and retailers.

It said the technology could create an ecosystem which could allow seafood producers and supply chain intermediaries to get rewards via microtransactions.