AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
_02_05_2025_05_53_40_418159.jpg)
Fresh Supply Co (FSCO), a data provenance solution that aims to help the agribusiness industry via blockchain technology, has announced integration with the Hedera Token Service (HTS).
The collaboration with the Hedera will see FSCO integrate HTS into its application programming interface (API) dubbed Continuity. FSCO’s move follows its migration of operations from the recently discontinued Mastercard Provenance blockchain to Hedera.
FSCO integrates Hedera’s HTS
Until this collaboration, the Continuity API was available to users on Hedera’s Consensus Service. However, it will now leverage the blockchain platform’s token minting service to facilitate greater transparency and data verifiability across the value chain.
HTS is a turnkey solution that allows users to embed conditional minting and management of both fungible and non-fungible tokens (NFTs) on the Hedera network.
Hedera shared the news in a blog post.
Embedding these mainnet capabilities into commercial workflows, including in invoices and debt, has the potential to transform the supply chain financing sector. This is expected to empower financial institutions, allowing for data-driven credit decisions and thus increasing lending confidence and expansion of trade financing prospects for consumers.
Shayne Higdon, the co-founder and CEO of HBAR Foundation, said in a statement:
“By harnessing Hedera’s environmentally friendly distributed ledger technology (DLT) — which offers real-time settlements — FSCO can also offer earlier payment triggers and enhance liquidity across its partner agricultural value chains.”
Eyeing the tokenization boost
FSCO is also targeting the tokenization momentum across the globe and will leverage the HTS integration to roll out AI-backed digital tools and digital assets. This will include the use of large language model (LLM) technologies in data extraction and workflow automation.
Tokenization has gathered pace in recent months, with real-world use cases in supply chains, financing and agriculture among others. FSCO will use its partnership with Hedera to expand its footprint in the sector.
FSCO CEO David Inderias said:
“As tokenization becomes more ubiquitous in private and commercial industries, the importance of diversifying our data acquisition sources (used for token tracking) becomes paramount. We are thrilled to work with Hedera to expand data sourcing beyond Enterprise Resource Planning (ERP) systems and bring crucial verifiability to the often opaque supply chain industry.”
FSCO integrated the Hedera Consensus Service (HCS) in August, bringing Automated Clearing House payments to Hedera users. Automated Clearing House payments is an electronic bank-to-bank payments option available to users in the US and the Mastercard network.
The Hedera and FSCO alliance will also see the blockchain network’s user base get access to Mastercard Payment Gateway Services (MPGS). As announced, the integration is also set to extend to the upcoming Mastercard Web3 as well as the payments giant’s other digital asset products.
The post Fresh Supply Co (FSCO) integrates Hedera’s token minting service appeared first on Invezz
