Walmart, JD.com, IBM and Tsinghua University Launch a Blockchain Food Safety Alliance in China
The four companies will work together to create a standards-based method of collecting data about the origin, safety and authenticity of food, using blockchain technology to provide real-time traceability throughout the supply chain. This will encourage accountability and give suppliers, regulators and consumers greater insight and transparency into how food is handled, from the farm to consumers. This has traditionally been challenging due to complex and fragmented data sharing systems that are often paper-based and can be error-prone.
Photo: Blockchain technology can be used to improve food traceability by providing trusted information on the origin and state of food. Pictured is a crate of oranges being scanned as part of a food safety blockchain. (credits: Connie Zhou for IBM / Flickr Creative Commons Attribution-NonCommercial-NoDerivs 2.0 Generic (CC BY-NC-ND 2.0))