Blockchain Food Industry
Is Blockchain Tech a Safety Tool for the Food Industry?
The food industry is exploring how blockchain solutions can be used to strengthen food safety and inventory management throughout the supply chain.
IBM, and the retail giant Wal-Mart Stores, is working closely to test how the technology can be applied to the pork and mangos supply chain in China and USA respectively.
Blockchain is a technology that allows parties to exchange information using secure codes.
“I see a lot of potential to create what I call a digital and transparent food system,” said Wal-Mart food safety vice president Frank Yiannas.
The technology allows different parties in the chain to access multi-point product information, such as the date an animal slaughter, where food comes from, and the weather conditions at harvest time.
Supporters of the platform are especially keen to explore how the technology can help address food safety problems.
“The technology enables a more direct response if there is a problem, allowing companies to locate the source of an incident more quickly”, Yiannas said.
He pointed out a case in 2006 where it took hundreds of investigators over the course of two weeks to identify the source of bad spinach via a paper-based system.
However, blockchain “reduces tracing from days to seconds,” Yiannas continued. “The more accurately you can track food, the better.”
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