IBM has announced 10 companies that will begin running trials of its blockchain-enabled technologies, including major food supplier Nestle SA, according to Reuters.
All the companies will test the use of blockchain in the food supply chain. The other companies involved include Unilever, Tyson Foods, Kroger, Dole Food Company, McCormick & Company, Golden State Foods Corp, Driscoll’s and McLane Co. Walmart is also running a test of IBM’s technology.
Walmart said during a test, it was able to track the movement of mangoes in 2.2 seconds instead of nearly seven days.
“Yes, the industry is cautious because this could be the next best thing since sliced bread but you wouldn't say everything was fine and dandy after a trial you had with just two suppliers,” Kroger's head of food safety Howard Popoola told Reuters. “The key right now is to involve suppliers and retailers and see how well we can share data to oil the IBM blockchain machine. This is an opportunity for us to speak with one voice and say to the world that food safety is not going to be a competitive issue.”
Did you know?
During the June 6-8 Roadcheck event, enforcement officers placed 19.4% of all vehicles out-of-service for violations and 4.7% of drivers. In all, 62,013 inspections were conducted over the three days.
“It is not just about building the technology, it is about building the ecosystem.”
- Brigid McDermott, vice president for blockchain business development at IBM, on the potential of blockchain in the supply chain
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The news that companies such as Kroger, Nestle, Tyson Foods and others will be testing IBM’s blockchain technology provides more support behind the blockchain movement and will help determine how valuable it will ultimately be in the food supply chain.
Hammer down everyone!