Big data and blockchain tracking technology is the future for all industries, and the seafood sector stands to gain just as lucratively, according to the newly formed Norwegian Seafood Trust.

The industry-wide initiative in blockchain technology was launched in June and is aimed at giving the country's seafood sector a competitive edge.

The Norwegian Seafood Association (Sjotmatbedriftene) partnered with US tech giant IBM and Nordic IT infrastructure firm Atea to share supply chain data across Norway's seafood industry in a bid to push traceability forward, and drive value in the sector.