IBM Food Trust Blockchain
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What did Nestle say about IBM Food Trust Blockchain?

Nestle’s digital transformation manager of global supply chain, Benjamin Dubois, has said that the blockchain project of IBM Food Trust started long back. It originally started as a response to meet the demands of enhanced transparency as well as the trust of the consumers.

As the retailers found the new blockchain technology to be effective, they started using the tech for fulfilling their expectation. That’s how IBM Food Trust blockchain came into existence. Since fall 2016, this technology has been underway. In December 2016, this blockchain was first put to trial by the Walmart. Nestle is reportedly testing the concerned product since August 2017.

Dubois noted that this blockchain facility will provide consumers with maximum possible information about the products that they consume. It is now up to the retailers to decide about the extent of granularity they want to provide their customers with. He went on say that in theoretical terms; a consumer can know a lot of things just by using the simple QR code system. Digital transformation manager of Nestle’s global supply chain, Benjamin Dubois, said:

IBM Food Trust Blockchain

“Not only the origin and composition of the product, but which farmer participated in the harvest, when it was made, the date on which the food was processed, the identity of the the factory that took care of it, even how many employees the agricultural enterprise has and which ethical certificates the producers hold.”

Conclusion

Reports say that the IBM Food Trust Blockchain will help retailers in identifying several issues in the food retail chain. In fact, retailers can act swiftly and trace the outbreaks fast and consequently minimize the risk of consumers. By using this platform the retailers will be able to generate digital trust and at the same time manage data securely and efficiently with a decentralized approach. The best part here is that visibility is available on a real-time basis.

With increasing trust on the IBM Food Trust blockchain, increasing onboarding of retailers and suppliers are seen. One significant example is the Carrefour retail giant, which is headquartered in France. They have started to deploy Hyperledger-powered food tracking platform for their Spanish network. Reports say there will be more such onboarding throughout 2019.

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