| Abstract: |
French-headquartered retail giant Carrefour has joined the IBM Food Trust blockchain network, adopting the game-changing technology to improve traceability of certain food products with plans to expand to all Carrefour brands by 2022. A number of retailers, logistics firms and growers are working with IBM-developed blockchain technology – and now Europe’s largest retailer is adopting blockchain which will quickly help trace food back to its source within seconds, unlike traditional transactions. The blockchain-based cloud network offers businesses and food industry providers with data from across the food ecosystem to enable greater traceability, transparency and efficiency. The network is now generally available after 18 months in testing, during which retailers and suppliers have tracked millions of individual food products. The move by Carrefour comes just a couple of weeks after Walmart, an early proponent of blockchain technology, announced that its leafy green suppliers would be required to capture digital, end-to-end traceability event information using IBM Food Trust. |
