Zeto, a pioneering leader in cloud-based IoT solutions for food retail and commercial refrigeration, has recently announced a significant funding round of $31 million to further its mission of transforming the supply chain industry through blockchain technology. This substantial investment will be instrumental in the development of Zetochain, Zeto's groundbreaking project that aims to create the world’s first open-source blockchain platform tailored specifically for the supply chain sector. Zetochain is designed to accelerate the adoption of blockchain by establishing a shared, encrypted, and distributed ledger of transactions visible to all parties involved—effectively addressing critical challenges such as waste, spoilage, counterfeiting, and costly product recalls, which have long plagued the industry.
By facilitating a single version of the truth, Zetochain enhances visibility and communication among buyers, suppliers, and logistics providers, ensuring that everyone has access to real-time information about the products flowing through the supply chain. Furthermore, Zetochain is committed to empowering developers with user-friendly tools that accelerate the integration of blockchain into existing systems, including legacy platforms. With its initial coin offering (ICO) set to begin on September 3, 2018, Zeto is setting the stage for a future where blockchain technology becomes a standard practice in the supply chain, streamlining processes and boosting efficiency. For more details about Zetochain and the exciting developments ahead, please visit [zetochain.com](http://www.zetochain.com).
