How Walmart is using Blockchain to Improve Food Safety
- January 30, 2018
- Posted by: Blockchain 37
- Category: Blockchain
Frank Yiannas, Vice President of Food Safety at Walmart, explains how the retail giant is leveraging blockchain technology to improve the safety of food products sold in their stores. This video is part of an an going series by IBM’s Cloud highlighting how blockchain (more specifically the blockchain hosted on their cloud) can help solve everyday business problems.
- Trace Back Problem:
It currently takes a considerable amount of time for Walmart to track food in their stores back to the farm it came from in the event of an issue arising (possibly days).
- Food System is Complex:
The American food system involves farmers, processors / factories, and distributors. Most still track data on paper or in disparate systems.
- Blockchain power uniformity and efficiency:
Walmart is working to move all of their food suppliers onto a uniform blockchain system powered by IBM.
- Improving the Entire Food System:
Walmart believes that blockchain technology will lead to a safer, more affordable, and sustainable food system and hopes to bring more transparency into the food they sell.