June 24, 2019 — It’s not your imagination. The seafood industry is talking a lot more than usual about Bitcoin these days.
But don’t worry. There’s no effort afoot to launch a new form of seafood-themed cryptocurrency — though “Fishscales” would have a nice ring to it.
Rather, the National Oceanic and Atmospheric Administration’s implementation of its new Seafood Import Monitoring Program (SIMP) requirements is helping to drive a great deal of interest in blockchain, the digital technology that underlies Bitcoin, Sean O’Scannlain, the president and CEO of Fortune Fish & Gourmet, told Undercurrent News in a telephone interview this week.
Besides running one of the US’ largest seafood wholesalers, O’Scannlain is also chairman of the Seafood Industry Research Fund (SIRF), a 55-year-old group that has provided almost $4 million in grants to help create about 400 research papers, all publicly available. Roughly a week ago, the National Fisheries Institute (NFI) announced that SIRF would be launching a pilot aimed at enabling the industry to better use blockchain, increasing transparency, optimizing supply chain processes and combating fraud.