[Disclaimer: I am a partner in the Seafood Commons]
The Seafood Commons is a Decentralized Autonomous Industry (DAI) to verify the origin, safety and labeling of seafood across the supply chain, also monitoring the environmental and human rights impact of the industry.
The seafood industry contributes US$230 billion to the global economy, jobs supporting 8% of the world’s population and provides the world’s prime source of high-quality protein: 14–16% of the animal protein consumed worldwide; over one billion people rely on seafood as their primary source of animal protein.
Environmental degradation, ocean acidification, plastics and loss of biodiversity are crossing major tipping points. The authors of a study released in the Proceedings of the National Academy of Sciences examined 78 percent of the world’s annual catch and found that only a third were in decent biological shape.
Global fisheries, a core planetary industry, and source of food are endangered. At the same time, good actors, advocates, industry leaders, and technologists are rallying to establish the economy necessary to meet the challenge.
The Seafood Commons (SFC) team started to connect stakeholders in 2016 and now partners with Ambrosus the world’s leading blockchain-IoT platform for sensor-based quality assurance in food and pharmaceutical supply chains, Ulula connecting businesses, workers, communities and governments to de-risk operations and create value across global supply chains, and the World Ocean Observatory to create the architecture for the first Decentralized Autonomous Industry (DAI) – see Decentralized Autonomous Organization as a reference.
The DAI offers stakeholders governance, advanced collaboration and decision making tools, and open standards for innovation; designed as a seamless twenty-first-century intelligent infrastructure at a global industry scale. The DAI will connect local fisheries, communities, and regional ecosystem development programs with the Internet of Things (IoT) to scale to global traceability of seafood quality.
Stakeholders, research institutions, and consumers will be able to access a comprehensive system as a gateway to the IoT. Users have access to Big Data and analytics to develop predictive algorithms that can increase productivity and reduce the marginal cost of producing and delivering a full range of products and services.
Applying sound management reforms to global fisheries in the dataset could generate annual increases exceeding 16 million metric tons (MMT) in catch, $53 billion in profit, and 619 MMT in biomass relative to business as usual.