That's a good thing
In other words, what Cisco, NTT Data, and Italian professional services firm Penelope have put together is a supply-chain food safety database.
I had to do a quick read, but my impression of the paddock-to-plate thing is that it is about feeling connected to your food and that it is targeted at consumers concerned with the sustainability of its production and not so much about keeping track for the sake of safety. What I suspect is that this is really just a "feel good" measure in as much as the various ingredients could already be tracked through existing methods - so totally in line with the rest of the Internet of Things mentality.