Walmart Testing Blockchain Technology for Supply Chain Management
U.S. retail giant, Walmart, is about to start a major test of blockchain technology for supply chain management, The Wall Street Journal reports. A pilot project, which will start in the first quarter of 2017 and run for four months, plans to leverage distributed ledger technology to track and trace pork in China and produce in the U.S. — two high-volume....
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Walmart has partnered with IBM and Tsinghua University to implement blockchain technology for food safety. 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....
Walmart has developed a blockchain pilot focused on China's massive pork industry supply chain. Built in collaboration with IBM and Beijing's Tsinghua University, the pilot is part of two separate, but parallel pushes by Walmart and the Chinese government to make supply chain data more accurate, and therefore safer. IBM's head of global supply chain solutions, Paul Chang, explained that the pilot, if implemented, could also give Walmart a bigger slice of China's lucrative pork industry. Chang told CoinDesk: "It's not just important for China, but for Walmart to really succeed in China. It....
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....
Indian business conglomerate Mahindra Group is working with IBM to develop blockchain-based supply chain applications. Announced today, the partnership sees the two firms working on a prototype tool for tracking supply chain transactions via blockchain. Mahindra, a major business group in India, has operations in industries ranging from aerospace to automotives, as well as agriculture, finance and technology. The collaboration comes as India’s business and finance sectors continue exploring the tech. Various banks in the country have been testing blockchain for use in cross-border payments....
Walmart has entered the metaverse with the launch of Walmart Land and Walmart’s Universe of Play on Roblox. The metaverse gaming platform has 52.2 million daily active users and 11.3 billion engagement hours. “Our customers are spending loads of time there,” said a Walmart executive.
Walmart Entering the Metaverse
U.S. retail giant Walmart announced Monday the launch of “Walmart Land” and “Walmart’s Universe of Play” on the metaverse gaming platform Roblox.
The announcement explains that Walmart Land will....