Trade
IBM Offering Revolutionary Blockchain Food Tracking System
This week IBM has confirmed that any business interested in Food Track is welcome to opt-in as the software is now available globally. The system will allow all participating good chains to provide their customers with details of where their food came from. The idea is to create a way to have full control over visibility and accountability within the foods supply chain using Food Trust.
At the moment, the tracking system has not been used to test multiple grocery products on a large-scale basis. Instead, IBM opted to start small to cause as little disruption as possible to participants’ current supply chain systems.
In the last 18 months, only one or two items per system have been tracked just to bring forward the concept of tracking groceries through the supply chain using the blockchain tech.
Already big brand names such as Walmart have been involved in initial tests. One of USA’s largest supermarket chains announced this September that is has switched to Food Track for initial tests. For the time being these tests have been very modest as Walmart has been using Food Trust to keep track of spinach and lettuce produce through its vast supply chain network.
That said, it looks like the tests so far have been successful as IBM is now looking to spread Food Trust’s wings. The software solutions giant is now looking at taking on grocery retailers interested in using their blockchain-based software for larger scale operations across the globe.
Partnerships with Topoco, Wakefern, and Carrefour Have Already Been Announced
With over 12,000 stores spanning 33 countries, the French-owned grocery retailer Carrefour has been quick to take up IBMs offer. Furthermore, Topoco Associates and Wakefern have also jumped on the IBM bandwagon putting their trust into the brand-new Food Trust network.
Seeing big brand names such as these putting their faith into IBMs new food tracking network comes as no surprise. A recent survey by Juniper Research found that 65% of its respondents said that IBM would be their first choice company for a potential blockchain software tech deployment within their industry.
That survey was only but a few months ago. Since IBM released Food Trust, one of the solution provider’s very first blockchain solutions, the survey’s results appear to have been proven very accurate indeed as the list of big brand names within the grocery retail sector already interested in this software goes beyond Walmart, Carrefour, Topoco Associates, and Wakefern.
Here is a list of 11 current founding members of the Food Trust App:
- Walmart
- Carrefour
- Topoco
- Wakefern
- BeefChain
- Smithfield
- Dennick Fruit Source
- Nestle
- Tyson
- Kroger
- Unilever
Trust is the New Currency of Today’s Modern World Within the Food Industry
Food Trust is based on offering transparency within the supply chain network. People are demanding to know where their food came from more than ever before.
They want to know that the farm or factory the food or produce has passed through is operating ethically. Furthermore, they want to know if what was organic, what hormones or additives have been added. Food Trust is the solution that can give these people the answers they are looking for.
IBM’s Food Trust Has Broken Down the Barriers to Transparency
Food Trust is not just a tracking system. It can also locate precisely where bad foods are and have them removed from the supply line. It also makes sure the products are exactly what they say they are.
Furthermore, it has been designed to streamline the supply chain offering the chance for participants to increase their bottom line. This can be achieved because the software has been designed with integration into other systems in mind, which means businesses within the primary, secondary, and tertiary sectors will be able to adopt the new tech seamlessly.
There are 3 stages to the system:
- Tracing: keeps track of the location of products by tracing the whereabouts
- Certification: this is verification that products are what they say they are. For example, it can verify that products are organic giving them a certificate if approval as organic
- Data entry: is the point at which everyone at each stage of the supply chain can connect to the system and input their date to keep things running like clockwork
Imagine how IBM could expand this technology into the future. It would be amazing to know exactly where your coffee beans came from down to the exact farm in the Amazon. How the wood used to make your kitchen was sourced and what the supplier is doing to make sure more trees are planted to create a sustainable supply chain.
Most importantly this could be the key to stopping the trade in blood diamonds in which IBM’s Global Platforms and Blockchain Senior VP has already touched on this subject in an interview with Forbes.
There is so much more this application can do. You must take your hats off to IBM for this piece of software because it could just be the key to wiping out unethical practices within the supply chain.
Related post:
Australian Government Joins Hands with IBM to Create a Smart Contracts Platform
After study a few of the blog posts on your website now, and I truly like your way of blogging. I bookmarked it to my bookmark website list and will be checking back soon. Pls check out my web site as well and let me know what you think.
http://indianpharmacy.pro/# indian pharmacy online
excellent points altogether, you just gained a new reader. What would you recommend about your post that you made a few days ago? Any positive?
Thank you for any other excellent article. The place else may just anyone get that kind of information in sucha perfect way of writing? I have a presentation subsequentweek, and I am at the look for such info.
Great wordpress blog here.. It’s hard to find quality writing like yours these days. I really appreciate people like you! take care
The term penny refers to the cost of spinning the reels, not a particular game type. In other words, as long as the cost per spin is low (as low as a penny), any kind of online slot is actually a penny slot machine. This includes progressive slot games too. There are casino slots out there that include a progressive jackpot prize which you can play with exceptionally low bet amounts. We highly recommend checking them out. You can spin the reels for a single penny and can still win millions. You should start with the following progressive penny slot machines: Burning Hot, 88 Fortunes, Alice in Wonderland, and 100 Cats. No. You do not need to create an account to play free slot games online. Even if you’re playing in demo mode at an online casino, you can often simply go to the site and select “play for fun.” Only online casinos and social casinos require signup to play.
https://thehansom.com/bbs/board.php?bo_table=free&wr_id=795065
In other situations, online poker sites may award you with a no deposit bonus for being a loyal player. As such, players who belong to the highest VIP levels will usually be able to claim no deposit poker bonuses on a regular basis. This usually involves depositing weekly and being very active on the site. **Mfortune are the only poker room offering players a mobile poker no deposit bonus with NO PLAYTHROUGH REQUIREMENTS to be met to cash out your winnings! Claim this latest Unibet Casino Promo Code by clicking ➡️ here ⬅️. Enjoy all your favorite casino games online at Unibet Casino. Most of the leading online poker rooms are always trying to broaden their reach in the online poker community and make a name for themselves at the same time. The more people know about a specific poker site, the more players will be attracted to that site. Therefore, it’s no surprise to see the online poker community flooded with various offers that can significantly benefit online poker players. All these offers have one goal in common, to attract new players to their poker site. Some might focus more on their existing loyal players while others tend to focus more on new acquisitions, but at the end of the day, the one thing that attracts players is free money.
I have taken notice that in old digital cameras, special devices help to {focus|concentrate|maintain focus|target|a**** automatically. Those sensors associated with some cameras change in contrast, while others use a beam associated with infra-red (IR) light, especially in low light. Higher standards cameras from time to time use a combination of both programs and could have Face Priority AF where the digital camera can ‘See’ your face while focusing only upon that. Thanks for sharing your ideas on this weblog.
Excellent blog! Do you have any hints for aspiring writers? I’m hoping to start my own website soon but I’m a little lost on everything. Would you advise starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally confused .. Any recommendations? Thanks!
I am no longer positive the place you’re getting your info, but great topic.I needs to spend some time finding out much more or working out more.Thanks for great information I used to be on the lookout for this information for my mission.
Thanks for your post on the traveling industry. I would also like to include that if you’re a senior considering traveling, it really is absolutely imperative that you buy traveling insurance for senior citizens. When traveling, golden-agers are at greatest risk being in need of a professional medical emergency. Getting the right insurance package to your age group can protect your health and give you peace of mind.