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This is how blockchain could save tuna populations from collapse | Pioneers for Our Planet

11.6K views
•
February 12, 2020
by
World Economic Forum
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This is how blockchain could save tuna populations from collapse | Pioneers for Our Planet

TL;DR

Tuna fisheries are heavily depleted, leading to illegal activities; blockchain technology offers traceability for sustainable choices.

Transcript

tuna fisheries are at a turning point in the Pacific we've seen heavy depletion in certain stocks like for instance the Pacific bluefin tuna which is at less than 3% of its historic biomass and that should be a shocking figure for anyone that the historic stock has been depleted to the point where the tank is almost empty hundreds of thousands of t... Read More

Key Insights

  • 🇼🇫 Pacific tuna fisheries, particularly Pacific bluefin tuna, are at a critical point of depletion.
  • 🥺 Unaccounted fish leads to funding illegal activities, emphasizing the need for traceability.
  • ❓ Blockchain technology offers a solution for transparency and traceability in the seafood industry.
  • 🐟 Consumers can drive sustainability by choosing fish from traceable and ethical sources.
  • ❓ Blockchain technology's immutability and distributed nature ensure verification and validation.
  • 😒 In the future, supermarkets may use blockchain to highlight sustainable and ethically sourced products.
  • ❓ Transparency and traceability through blockchain can have a significant impact on sustainable and ethical practices in fisheries.

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Questions & Answers

Q: Why are Pacific tuna fisheries facing depletion?

Pacific tuna fisheries, such as the Pacific bluefin tuna, are at less than 3% of their historic biomass due to heavy depletion.

Q: How does unaccounted fish contribute to illegal activities?

Unaccounted fish that goes to waste or funds illegal activities highlights the need for improved traceability to combat illegal fishing.

Q: How does blockchain technology promote sustainable practices in fisheries?

Blockchain technology ensures traceability by providing retailers and buyers with confidence in knowing the origin and production methods of fish.

Q: What role will blockchain technology play in the future of the seafood industry?

Blockchain technology is expected to become the industry standard for transparency and traceability, allowing consumers to make informed and sustainable choices.

Summary & Key Takeaways

  • Pacific tuna fisheries, like Pacific bluefin tuna, are severely depleted.

  • Hundreds of thousands of tons of fish are wasted or fund illegal activities.

  • Blockchain technology offers traceability to ensure sustainable and ethical practices.


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