Food producers actively embrace blockchain technology, IBM food traceability blockchain platform adds new members

According to Cointelegraph reported on February 7, IBM Food Trust, the food traceability blockchain platform of IBM, has added new ones. A French food manufacturer has joined the platform to seek to improve product traceability and supply chain transparency.

2460055448_ca9a21670f_c

Image source: visualhunt

According to a press release issued on February 4, the Avril Group, a manufacturer of vegetable oils, eggs and proteins, and the owners of the Matines and Lesieur brands, have started using the IBM Food Trust network to ensure traceability of their products.

Improve corporate social responsibility and customer experience

Through the implementation of the blockchain, the Avril Group expects to make improvements in the areas of corporate social responsibility, especially in the areas of quality animal husbandry and consideration of animal welfare.

Matines hopes to improve the customer experience by printing QR codes in egg boxes to improve transparency. The QR code directs customers to an application that contains extensive data related to the eggs they consume, including how the chickens are fed and the date the eggs are shipped to the dealer's warehouse.

Food producers actively embrace blockchain

In January this year, CHO, one of the largest olive oil producers in the southern Mediterranean, announced that it is using IBM's blockchain technology to provide traceability for its Terra Delyssa extra virgin olive oil. Ramesh Gopinath, vice president of IBM Blockchain Supply Chain Solutions, said in an interview with Cointelegraph:

"The biggest advantage of the IBM Food Trust network is its ability to connect members of the supply chain, such as connecting end consumers and farmers. CHO does this because every relevant entity can share data, which not only Provides traceability and food information, and also shows the overall direction of food trust. "

Food manufacturers have been actively adopting blockchain in recent months. Last November, retail giants Carrefour and Nestlé began using IBM's Food Trust blockchain platform to track the supply chain of infant formula. Therefore, these companies aim to increase consumer confidence in product quality.

In the same month, Singapore's blockchain application platform VeChain announced a new blockchain tracking system for the food and beverage industry. The company has collaborated with food certification group DNV-GL and supply chain specialist ASI Group to develop this project called Foodgates.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Coinbase UK's 2018 net profit margin was 4.3%, up 2 points from 2017

Do you think Coinbase makes money? On April 18, according to Cindesk , according to Reuters speculation and calculati...

Blockchain

Blockchain investment: which "platform coin" has more investment value?

In the last lecture, I analyzed the "privacy currency" field in the blockchain industry. In this lecture, I...

Blockchain

DeSpread Research Data Analysis of Centralized Exchanges and Investor Behavior in South Korea

According to a survey by the Korea Financial Intelligence Unit (KoFIU), it is expected that the number of cryptocurre...

Blockchain

Center absence: history, current status and prospects of atomic exchange and decentralized trading platforms

On July 30th, Liquid Network officially announced that Tether (USDt) has settled on the Liquid side chain, which mean...

Blockchain

Interpretation | FCoin Shutdown: A Quick Look at the Exchange's Death Stance

The content of today's interpretation is mainly divided into three aspects: The first aspect is the beginning an...

Blockchain

Analysis: How does the value chain of the blockchain industry work?

Over the past few years, blockchain technology has evolved from a purely technology to a multi-billion dollar industr...