IBM Food Trust blockchain network expands with supermarket giant Carrefour on board
IBM on Monday announced that Carrefour, Europe’s largest retailer, has joined its blockchain-based food supply chain network. The cloud network, called IBM Food Trust, allows retailers, suppliers, and growers to access data from the food ecosystem to facilitate transparency and efficiency.
At first, Carrefour stores will leverage IBM’s blockchain-based solution to highlight consumers’ confidence in Carrefour-branded products. The retailer plans to introduce the solution to all its stores worldwide by 2022.
Here, the blockchain technology is used to track and trace the source of the food items, reducing the time previously consumed for the same. The IBM Food Trust participants have built a strong, open standard and interoperable global business solution. This is meant for upgrading the efficiency of the businesses in the food industry, lower the food cost and also make the food safer for consuming.
Besides Carrefour, others organizations to associate with IBM Food Trust involve suppliers such as Dennick Fruit Source, BeefChain and Smithfield; Wakefern, the retailer-owned cooperative and other top cooperative including Topco Associates, LLC.
Walmart-IBM Food Trust
Recently, Walmart, a popular US-based multinational retail corporation operating hypermarket chains announced the integration of blockchain in order to ensure “real-time, end-to-end traceability from farm to table” and to “speed up identifying, researching and reacting to food safety situations.”
The retail giant took this latest initiative to ensure food safety. 2018 has seen a huge outbreak of E. coli in romaine lettuce and a number of other products and this prompted Walmart to waste no time and spring to action involving this advanced technology. According to the report, Walmart plans to use the power of blockchain to speed up identifying, researching and reacting to food safety situations.
IBM is presently involved with different technology providers and services to provide significant supply chain, testing, provenance, and sensoring data to the blockchain ecosystem. Through a library of IBM Food Trust APIs, hardware, software, and technology companies can write transaction data directly onto the blockchain network to provide valuable insights.
“The power of IBM Food Trust is in bringing together not only retailers and suppliers but also the rest of the ecosystem touching our food supply,” stated Natalie Dyenson, vice president at Food Safety & Quality, Dole.
Image via Shutterstock
Join our Telegram group