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Food safety with blockchain to trace contaminated product to its source in a short amount of time
A group of leading companies across the global food supply chain have announced a major blockchain collaboration with IBM that is intended to strengthen consumer confidence in the global food system.
The consortium includes Dole, Driscoll’s, Golden State Foods, Kroger, McCormick and Company, McLane, Nestlé, Tyson Foods, Unilever and Walmart, who will work with IBM to identify new areas where the global supply chain can benefit from blockchain.
Every year, one in 10 fall ill and 400 000 die due to contaminated food.
Many of the critical issues impacting food safety such as cross-contamination, the spread of food-borne illness, unnecessary waste and the economic burden of recalls are magnified by lack of access to information and traceability. It can take weeks to identify the precise point of contamination, causing further illness, lost revenue and wasted product.
Blockchain is ideally suited to help address these challenges because it establishes a trusted environment for all transactions. In the case of the global food supply chain, all participants growers, suppliers, processors, distributors, retailers, regulators and consumers can gain permissioned access to known and trusted information regarding the origin and state of food for their transactions.
This can enable food providers and other members of the ecosystem to use a blockchain network to trace contaminated product to its source in a short amount of time to ensure safe removal from store shelves and stem the spread of illnesses.
See http://it-online.co.za/?p=123230?utm_source=dailymailer&utm_medium=email&utm_campaign=article
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Food safety with blockchain A group of leading companies across the global food supply chain have announced a major blockchain collaboration with IBM that is intended to strengthen consumer confidence in the global food syste… |
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