Blockchain Based Food Tracking with IBM
October 9, 2018 5:12 pm
International Business Machines Corporation, commonly known as IBM Corp. is a technology giant which has been a pioneer in computing technology for decades. The company has recently launched a new platform called Food Trust. This platform will allow users to track food from across the globe.
IBM had announced this platform when it was under development back in 2016. It is intended to connect various parties from different parts of the food supply chain under a single platform.
The platform has been under strict testing for over 18 months. Food Trust is now available for commercial use by wholesalers, retailers, and suppliers across the food industry.
The platform’s trail period officially began in August last year. During this phase, IBM partnered with food giants such as Dole Food Co., Driscoll’s Inc., Nestlé SA, Kroger Co., McLane Co., Golden State Foods, McCormick and Co., Unilever NV, and Tyson Foods Inc. to make this project a success.
The first company which became a part of this collaboration was none other that Walmart. Walmart utilized this platform in 2016 to recall food that received customer complaints.
IBM has said that the Food Trust network has successfully tracked millions of food products till date.
The technology has already been adopted by some of the biggest names in the food industry including the French retail giant Carrefour, cooperatives Topco Associates and Wakefern and also BeefChain, Dennick Fruit Source and Smithfield.
Carrefour said that it is going to utilize IBM’s Food Trust to focus on its own private label products. It will further use this system to expand its network globally by 2022. Notably, Carrefour has more than 12,000 retail stores that are spread around 33 countries.
Walmart has also said that it is going to ask its existing supplies for leafy green vegetables to utilize the Food Trust network. This will help establish a farm-to-store tracking system. It will allow users to check the origin of the food products they buy from these stores.
IBM’s original plan with the Food Trust network was focused on food safety. It has now encapsulated food wastage, efficiency, and analytics. This is done with the help of big data, automation and the Internet of Things (IoT).
This network has grown on a phenomenal scale with only a handful of projects that can match the application and reach of the Food Trust network. IBM has shown that these technologies have real-world uses apart from cryptocurrency and trading.