Blockchain Joins Efforts to Improve Food Traceability amid Rising Waste and Safety Fears
Blockchain technology has emerged as a tool for addressing an important global issue: the growing complexity of the food supply chain and the increasing amount of wasted food, according to a senior research fellow at the University of Surrey. Writing in The Conversation, an online source of information from the academic and research community, senior research fellow, Phil Godsiff said that a recent analysis suggested that half of U.S. food production is wasted, with global estimates above 30 percent. The growing use of sensors in the food supply chain, paired with blockchain technology,....
Related News
Walmart recently opened its Food Safety Collaboration Center in Beijing. The new initiative means the multinational is collaborating with IBM and Tsinghua University to improve food quality through the supply chain. It means the food safety partnership is utilizing blockchain technology to provide better food tracking and consumer safety. Three....
Retail giant Walmart and multinational technology company, IBM, have teamed up put Chinese pork on the blockchain, ensuring consumer confidence in the food industry, reports Fortune. Teaming up with Tsinghua University in Beijing, it is hoped that by digitally tracking the movement of pork in China on bitcoin’s underlying distributed ledger, it will prevent food disasters such as those that have been reported in China. According to Forbes, in 2008, a toxic mixture of milk and infant formula combined with melamine, killed six children, put thousands of others in hospital and sickened much....
Australia Post has announced partnerships with Alibaba, the world’s largest e-commerce company and Blackmores, a prominent Australian natural health company to explore blockchain technology to curb the rise of counterfeit food sold in China. The joint endeavor will look to develop a blockchain platform to improve the traceability of food products, with Australia Post being a major exporter of food to China. In recent years, counterfeiters have notably targeted popular Australian export such as beer and wine, honey and cherries, nuts and health supplements, according to an announcement.....
IBM has emerged as one of the largest blockchain consulting firms in the world. Its next target: Sustainable fashion. IBM’s foray into the blockchain ecosystem is deepening with a new partnership to track supply chains in the textile and fashion industries. The Armonk-based tech giant announced Monday that it’s teaming up with German textile manufacturer KAYA&KATO to develop a blockchain network that tracks the origin of fabrics used in the fashion industry. The new application will allow KAYA&KATO’s suppliers and customers to identify where their fabrics are processed, as well as....
Spanish multinational seafood giant, Nueva Pescanova Group, has partnered with The IBM Food Trust to trace the shrimp and prawns it fishes on the blockchain. Spanish-based seafood firm, Nueva Pescanova Group, has announced its working with IBM to utilize its Food Trust platform — a distributed ledger technology platform designed for supply chain traceability.According to a June 8 announcement from IBM, the partnership is already underway, with Nueva Pescanova utilizing blockchain technology to track shrimp fishing in Argentina and prawn cultivation in Ecuador.In the announcement, Ignacio....