SUSTAINABILITY AND COMPLIANCE SOLUTIONS FOR ASIAN AQUACULTURE MARKET/VALUE CHAIN: INTRODUCING VERIFIK8  

Sustainable aquaculture production is powered by the surge in consumer base as well as the drive for products that deliver quality and leave little impact on the environment as a result of its production. Regulations are being tightened hence the need to ensure that ingredient source as well as production process are truly sustainable. The need for a seamless flow between raw material sourcing, the production process and the marketing of products while still ensuring compliance with little effort is indeed the next level in terms of compliance monitoring. VerifiK8 helps seafood buyers to make safer and more responsible procurements through an affordable yet credible monitoring and verification software platform to de-risk operations in their supply chain.

VerifiK8 software uses mobile devices to collect and digitalize data directly from farms and cooperatives. It crosschecks information with other data streams to provide solid analytics and benchmarking of each farm or cooperative against the relevant sustainability standard. The system makes all aggregated data easily accessible on a single dashboard, from the farms to the buyers' desktop. Our unique technology allows a cost and time effective analytics and verification process to make certification more inclusive to medium and small-scale farms and fisheries. It builds trust and transparency between producers and buyers by de-risking procurements and improving farming practices and product quality. It secures aquaculture farms and fisheries' market outreach by proving their level of social and environmental compliance. It reduces labor and environmental risks, while increasing food safety and productivity.

In order to do these, Verifik8 works through three channels: Data collection, Data analytics and on-Farm verification. The service suit also includes incentives for farmers.