Enhancing Food Safety Through Blockchain Applications Understanding Challenges in the Global Halal Industry 1. The global halal industry faces a critical challenge The absence of a standardized halal certification system on a global scale. This deficiency has resulted in significant technical barriers for the seamless cross-border trading of halal products among international economies. 2. The repercussions of this challenge are far-reaching. Halal products lacking authentic certification or operating without a transparent certification mechanism can lead to trust issues and disrupt the establishment of a robust global distribution system. The need for a standardized and universally recognized halal certification system is paramount to overcome these hurdles and promote the transparent and efficient trading of halal products on an international scale. IBN's Role in Exploring Collaborative Opportunities at the Halal Science Center (HSC), Bangkok, Thailand
IBN has played a pivotal role in facilitating a delegation visit to the Halal Science Center (HSC) in Bangkok, Thailand. This initiative focuses on presenting innovative solutions from veriTAG and introducing veriHUB services, paving the way for a promising collaboration. Key Objectives of the Collaboration Facilitating Exports via veriHUB IBN is assisting in leveraging veriHUB's platform to enable the export of HSC's merchant products from Thailand to China. This effort aims to simplify and secure cross-border trade, ensuring the efficient and transparent distribution of halal products. Promoting HSC’s Services and Innovations IBN is supporting the promotion of HSC's laboratory services and proprietary R&D tech products for commercialization. By aligning the strengths of HSC and veriTAG, this partnership seeks to boost the reach and success of HSC’s offerings in global markets. Through this collaboration, IBN is strengthening ties between veriTAG and HSC, driving technological innovation, and advancing the global distribution of halal products while fostering mutual growth and success.
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IBN's Contributions to the Project IBN has been instrumental in driving this collaboration by delivering the following key services:
Market Analysis Conducting in-depth studies on local market potential and investigating product standards to ensure alignment with market needs. Distribution Support Identifying, developing, and managing effective distribution channels to expand market reach. Product Development Creating detailed product literature to support marketing and sales efforts. Training and Support Providing comprehensive product and sales training to distributors, ensuring they are equipped to drive sales and customer satisfaction. Feasibility Study Conducting a thorough feasibility study for establishing a manufacturing plant in Thailand, assessing the potential and viability of local production. |