The first contact between the founders Marco Vitale and Davide Costa takes place on the bitcointalk.org forum, discussing the technical specifications of Bitcoin miners. They established a working relationship that was going to continue on.
The common vision on the future of Bitcoin has led to a collaboration between the companies Block Srl (Como) owned by Marco Vitale and Kaboom Srl (Turin) owned by Davide Costa. The new mining device developed was used to mine other crypto currencies as well.
The depression of the mining market and the emergence of the Chinese giants in the microchip (ASICs) market led the two companies to focus their efforts and know-how on blockchain to develop the concept of Foodchain. The project is publicly launched at the first edition of Seeds & Chips and a few months later at EXPO Milan.
Foodchain SpA is the first joint-stock company registered in the Italian register of innovative companies. This gives the founders the opportunity to measure the potential of the blockchain in various supply chains: from mineral water to olive oil, from fruit and vegetables to coffee.
The traceability model of "Foodchain - the transparent supply chain" grows and raises international interest. The founders are approached from every part of the world and new contacts are established with organizations from Trieste to San Francisco, passing through Berlin, Palermo and Singapore.
The Polytechnic University of Milan includes Foodchain among the 331 international start-ups that use blockchain. The case study carried out for Torrefazione San Domenico is mapped by the Digital Innovation Observatory of the Polytechnic University of Milano.
Textilechain, the spin-off dedicated to the textile and fashion industry is launched. Foodchain rapidly scales business and starts taking on rice, hay and milk supply chains just to mention some. We started a project for tracking containers for Caricom Ethiopia, a major producer of soy, rice, coffee and cereals in Africa.