IBM announced that 10 companies will collaborate in the global food supply chain to explore blockchain technologies. Dole, Driscoll’s, Golden State Foods, Kroger, McCormick and Company, McLane Company, Nestle, Tyson Foods, Unilever and Walmart will work with IBM to strengthen consumers confidence in global food system.
For food companies and suppliers across the chain, the block-chain is an important and intriguing technology to trace back the journey of product all the way back to farmer to ensure better transparency. The vice president of Walmart’s food safety asked his employees to track a fresh container of mango each step in the chain
The news came along as IBM launches the first fully integrated, enterprise-grade production blockchain platform alongside consulting services for a strategical upper hand in the supply chain.
Marie Wieck, IBM blockchain general manager said in a statement “Unlike any technology before it, blockchain is transforming the way like-minded organisations come together and enabling a new level of trust based on a single view of the truth. Our work with organisations across the food ecosystem, as well as IBM’s new platform, will further unleash the vast potential of this exciting technology, making it faster for organisations of all sizes and in all industries to move from concept to production to improve the way business gets done.”
According to the recent figures of World Health Organisation around 1 in 10 people get ill because of eating contaminated food. As a result 420,000 people die annually. This system of block-chain will help curb the problem as major players in the food industry can not only track the source of contaminated food but also ensure an efficient supply chain management. Food retailers have emphasised this as a great progress in providing food safety and better quality products.11