Walmart and IBM to Use Blockchain for Food Safety in China

BitsPlan

The Chinese food industry is notorious for poor quality standards. In few instances, potentially lethal substances were used as adulterants, resulting in a number of deaths. In order to prevent such incidents in the future, strict monitoring and control over the manufacture and supply chain are very important.

The leading global retailer Walmart has partnered with IBM to do just that. Both companies are working alongside Tsinghua University in Beijing to use blockchain-based solutions to track the movement of pork from farm, to supermarket shelves in China. According to reports, Walmart and its partner institutions are planning to make use of the distributed ledger technology created as part of the Hyperledger project for this purpose.

Pork forms a main part of the diet among the majority of the Chinese population. Improper maintenance of the supply chain can lead to spoilage and affect a large number of people. Walmart’s proposed solution, in partnership with IBM and Tsinghua University, will allow the retailer to maintain an immutable record of all the transactions, indicating the movement of meat from producers to processors, distributors, and grocers until it reaches the customer. By adding transparency to the movement of meat though the commercial

Read more ... source: NewsBTC USA

NO COMMENTS