IBM just launched its blockchain-based ledger that will track food supply chains.
IBM Food Trust Ledger
Known as IBM’s Food Trust Ledger, it will allow food retailers, suppliers and growers to see the supply chain in real-time. This will create better transparency and a way to trace food origin and safety of food. The last thing we need is unsafe lettuce again.
As you may remember, this follows news of an eColi outbreak that was linked to romaine lettuce. As Walmart recently noted:
“There is no question that there is a strong public-health and business-case for enhanced food traceability. By quickly tracing leafy greens back to source during an outbreak using recent advances in new and emerging technologies, impacts to human health can be minimized, health officials can conduct rapid and more thorough root cause analysis to inform future prevention efforts, and the implication and associated losses of unaffected products that are inaccurately like to an outbreak can be avoided.”
Big Names Joining the IBM Program
Topco Associates, Wakefern, and Smithfield are taking part in the program.
France’s Carrefour will also use the technology to “increase consumer confidence.”
“Being a founding member of the IBM Food Trust platform is a great opportunity for Carrefour to strongly accelerate and widen the integration of blockchain technology to our products in order to provide our clients with safe and undoubted traceability,” Laurent Vallée, general secretary of Carrefour said, as quoted by Computer World.
Not long ago, Walmart and IBM partnered with several food companies, including Dole and Kroger, on the cooperative blockchain project.
“Using the IBM Food Trust network that relies on blockchain technology, we have shown that we can reduce the amount of time it takes to track a food item from a Walmart Store back to source in seconds, as compared to days or sometimes weeks,” says the company.
Food Safety is No. 1 with Blockchain
Goodr is using blockchain to reduce corporate food waste.
According to CNBC, the company uses blockchain to keep a data ledger for their clients of how much food businesses waste, and where they might be losing money.
Ripe Technology is using it to manage the “decentralized nature of the food business, so people can post data, they can protect it, they can share it, they can create records with it. In the end for the consumer, they basically get a longer record.”
In short, blockchain may greatly assist in increasing confidence in the food you buy and eat.
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