IBM launches blockchain-based, global food tracking network
IBM today announced the commercial availability of a blockchain-based electronic distributed ledger that can track and trace food supply chain data from farm to store self.
In development over the past 18 months, IBM’s Food Trust ledger will allow food retailers, suppliers and growers to see supply chain data in near real time, enabling a more transparent and efficient method of determining the origin and safety of produce.
Along with announcing the availability of its Food Trust tracking network, IBM said several food retailers and suppliers have joined those piloting the blockchain technology, which is based on the Hyperledger Fabric open-standards protocol. Those retailers include Topco Associates LLC, representing 15,000 stores; retailer-owned cooperative Wakefern, representing 50 member companies and 344 stores; and other suppliers including Beefchain, Dennick Fruit Source and Smithfield.