Food Trust which was launched in October 2018, has grown to a point where it is now serving around 80 clients in a rapidly-expanding industry.
According to Albertsons’s press release, there are over five million food products exploring DLT for their delivery process.
The press release also contains the comment of CIO Anuj Dhanda. Anuj stated that:
“Food safety is a very significant step. In addition, the provenance of the products enabled by blockchain — the ability to track every move from the farm to the customer basket — can be very empowering for our customers.” “Blockchain technology has the potential to be transformational for us” He continued.
IBM has been a forerunner in the “private blockchain sector”. The company has developed several blockchain-focused enterprise solutions and the Food Trust platform is just one of them.
The Food Trust Platform which began official testing in 2016, now has key food processors and manufacturers such as Nestle and Walmart on board.
The 2018 E-coli contamination of romaine lettuce, in the U.S, marked a significant turn around point for blockchain adoption by food and drugs giants.
Then, Walmart’s vice president of food safety notes that even if it takes years for the food industry to completely adopt blockchain, “outbreaks don’t have to be this big and this long.”Establishing IBM Food Trust and opening it to the food ecosystem last year was a major milestone in making blockchain real for business,”
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