Ibm Food Trust Competitors

The participating food companies are dole driscoll s golden state foods kroger mccormick and company mclane company nestlé tyson foods unilever and walmart.

Ibm food trust competitors. In light of the recent nestle article i have checked out what exactly the food trust project brings. Blockchain technology has the potential to. Prior to the launch ibm walmart and tsinghua university announced a collaboration to improve the way food is tracked transported and sold to customers in china. Built on ibm blockchain this solution connects participants through a permissioned immutable and shared record of food provenance.

Analytics and blockchain through ibm food trust to track trace and monitor the freshness of the product as it goes through its supply chain journey as well as providing inventory visibility at all times through the shelf life of the item. Ibm food trust is the cloud based blockchain solution providing an open flexible and trusted way for members to share food data derive value from the contributions of others develop breakthrough functionality and soon choose where and how they deploy. Albertsons which operates nearly 2 300 stores across america will begin piloting ibm food trust to improve how food is traced from farm to store shelf. Ibm food trust is a collaborative network of growers processors wholesalers distributors manufacturers retailers and others enhancing visibility and accountability across the food supply chain.

The digitization of transactions and data provides a more efficient way of working across the supply chain including growers processors shippers retailers regulators and consumers. Last august ibm announced that 10 food producers and retailers had agreed to collaborate with the tech giant and identify new areas where the global supply chain can benefit from blockchain. This means your competitors your suppliers your customers your owner. Ibm food trust another supply chain initiative also from ibm is tradelens which started as a partnership with maersk initially and was later joined by msc hapag lloyd one and canada based.

Say what you will about ibm but they are doing something right in the blockchain supply chain logistics sector to be able to attract nine multinational companies that any startup would kill for to get a partnership with. The digitization of transactions and data provides a more efficient way of working across the supply chain including growers processors shippers retailers regulators and consumers. Ibm food trust built on blockchain benefits all network participants with a safer smarter and more sustainable food ecosystem.