Walmart works with IBM to set up a chain of blocks as part of supplier's new food safety requirements. Next year, Walmart and Sam & # 39; s Club urge suppliers of vegetable like Romaine lettuce and spinach to implement food traceability using IBM's block chain technology driven by the world food supply chain .
The goal is to track crops to the warehouse in near real time using the distributed block chain ledger system.
Since 2016 Walmart has been working with IBM to apply a new level of traceability based on the chain chain technology of the food supply chain. Mr. Walmart said it is planning to identify food chain issues and expand technology to reduce food borne illness while avoiding large losses of retailers and suppliers 39.
Also, have you been able to democratize innovation itself using block chains in the supply chain?
Frank Yiannas, Vice President of Food Safety at Wal-Mart, said: "We are committed to providing safe and high-quality food to our customers." Our customers are more transparent supply chains We must accept that the food traceability model, which fell step by step towards the 21st century, is outdated and for the benefit of all stakeholders,
Big Blue applies block chain technology in various supply chain scenarios such as shipping, food and banking. Last August, IBM began food supply in cooperation with Dole, Driscoll & # 39; s, Golden State Foods, Kroger, McCormick and Company, McLane Company, Nestle, Tyson Foods, Walmart, Unilever. Wal-Mart, IBM, Tsinghua China University has already piloted a block chain of food supply chain.
A block chain is a secure, encrypted database architecture that records and links all transactions to a confidentiality ledger distributed among multiple parties. In fact, the block chain creates an immutable gold record of time transactions related to products that you can purchase and sell. In the supply chain, we use block chains to increase transparency, increase visibility, and improve the economics of the supply chain.
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