The Collaboration Between Walmart And IBM Will Track Shrimp Supply Chains
October 5, 2019 11:42 pm
Walmart, the United States-based retail giant firm has partnered with IBM to use blockchain technology to track its shrimp supply chains.
According to LiveMint’s report, Walmart will be using blockchain technology to track its Indian-sourced shrimp to select locations of Sam’s Club retail stores in the U.S. This is the first time that blockchain technology is used to track shrimp exports from the Indian farmer to an overseas retailer.
John Connelly, President of the National Fisheries Institute said:
“As one of the most traded commodities in the world, seafood has a complex and wide-reaching supply chain, which makes testing and further developing technology-assisted traceability programs an important step. It is encouraging to see a retail leader like Walmart participate in seafood blockchain testing.”
Walmart has been working with the Indian seafood processor Sandhya Aqua to include the shrimp supply chain to the blockchain-enabled IBM Food Trust platform. The platform will be helping Walmart’s customers to track shrimp supplies.
Shrimp is India’s largest agricultural export, with the U.S. that represents its largest shrimp market, consuming 46% of India’s shrimp exports. LiveMint also added that the platform using blockchain technology will help Indian shrimp farmers meet strict U.S. food standards, thus gaining the trust of U.S. retailers and securing shrimp farming as a long-term growth industry.