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

Will FTX liquidating $3.4 billion worth of crypto assets become the main culprit behind the market crash?

For FTX's legal team, this week will be a busy one as they seek regulatory approval to liquidate $3.4 billion worth o...

Blockchain

Weekly data on the BTC chain: data on the chain began to fall, and the exchange traded frequently

In the past week (10.28-11.03), from the main chain data, the total amount of transactions has increased compared wit...

Market

Layout for many years but little known? Exploring the full picture and opportunities of the Japanese Web3 encryption market

What is the current situation of the Japanese cryptocurrency market? Who are the key participants? How can one partic...

Blockchain

Research Report | Blockchain Economics Panorama and Future: Exchange Compliance

Author: BlockVC industry research team Source: BlockVC Editor's Note: The original title is "Postal Chain E...

Bitcoin

Beware! FTX Users Targeted in Hilarious Yet Insidious Withdrawal Scam

Fashionista alert Reports of FTX users falling victim to phishing scam through enticing emails and withdrawals.

Blockchain

Coinbase's effect on the currency is not strong, mainly because the market is at work.

Coinbase is one of the most influential compliance exchanges in the world, providing multiple French currency channel...