Walmart will use Blockchain technology for its food business 7008
Blockchain
Akriti Mathur
Apr 24, 2018 at 2:08 PM

 

Walmart, US an e-commerce company and world’s largest discount retailer will be using Blockchain in its food business. They feel that the initiative will help in the reduction of waste, better waste management and enhance transparency. 

A video about Walmart’s food safety solution was published by IBM Blockchain on Youtube dated August 22, 2017. It was explained by Frank Yiannas, Walmart's Vice President of Food Safety on how Walmart can track their food products with the supply chain using IBM Food Trust. IBM Food Trust is built on IBM Blockchain platform. 

Walmart had started their tests process with IBM’s blockchain platform in 2016. It is now ready to use Blockchain in its live food business. Yiannas spoke about it in the MIT Technology Review’s Business of Blockchain conference held at Cambridge, Massachusetts.

 

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