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March 19, 2018, 09:20:01 PM |
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In further move to apply Blockchain technology for food traceability to support offline and online consumers, IBM, Walmart and Nasdaq-listed Chinese retailer JD.com together with Tsinghua University National Engineering Laboratory for E-Commerce Technologies have announced a Blockchain Food Safety Alliance collaboration to improve food tracking and safety in China.
By collaborating with one of China’s largest retailers, JD.com, a member of the NASDAQ-100 and a Fortune Global 500 company, and their suppliers, the latest effort is touted as helping to bring a safer food supply to China, and an extension of the work initiated by Walmart and IBM earlier this year in August in the US.
Through the latter initiative, ten food suppliers and retailers – Dole, Driscoll’s, Golden State Foods, Kroger, McCormick and Company, McLane Company, Nestlé, Tyson Foods, Unilever and Walmart – signalled their intention to collaborate. And, Walmart’s food safety solution has been working with IBM and its Blockchain Platform.
That initiative is designed to bring the requisite efficiency, transparency and authenticity to food supply chains around the world. The solution from ‘Big Blue’ is global – reflecting the global nature of supply chains.
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