Global food safety is a major concern in the world.
Retailers and food companies, like Nestlé and Walmart, have announced a blockchain collaboration with International Business Machines Corp. (IBM), one of the largest information technology companies in the world, to help address concerns and help “strengthen consumer confidence” in the foods purchased.
IBM is tasked with identifying the “most urgent areas” across the global supply chain that would benefit from the blockchain, as reported by “Forbes.” “Many of the critical issues impacting food safety such as contamination, food-borne illness, waste and the economic burden of recalls rest though on a lack of access to information and traceability.”
The blockchain will fill in the gap that currently exists since the supply chain is currently not being overseen and it is hard to trace problems to the actual source.
Data will help identify the source through this proposed blockchain.
Costco, Golden State Foods, McCormick and Co., and Tyson Foods will join Nestlé and Walmart for the promising collaboration with IBM, which announced the new IBM Blockchain platform that will help facilitate the efforts in communication of vital information for the initiative.
“The food supply chain is depicted generally as being composed by three main levels: (1) Agricultural production; (2) Industrial processing; and, (3) Wholesale or retail distribution. However, with closer examination it becomes more complex, involving a series of other stages and links that add value to the chain - either in the form of goods or services inputs - such as the seed provider – and ending with the final consumer,” as reported by “Forbes.”
Through the latest blockchain initiative, ALL participants in the global food supply chain will have access to trusted information detailing the origin and state of food per transaction. With better record keeping, it would become much easier to trace products that are contaminated straight to the source— fast enough to prevent diseases from spreading.