IBM, which has acquired a unique status in the world of technology and innovation, has brought together a group of companies from across the global food supply chain. The consortium is considering adopting the tech giant's blockchain technology as a measure to put a much required end to contaminated food making its way to consumers.
While food is something that each human being requires for energy, maintaining life, or stimulating growth, when the same food is consumed in a contaminated condition, it can lead to severe health conditions, even death.
In a shocking piece of stats, World Health Organization has revealed, that the world sees one in 10 people falling ill due to contaminated food and about one in 400,000 dying due to the same. IBM is certain that these number can be curtailed with proper data availability and traceability of contaminated food.
Esteemed names in the global food industry like Nestlé, Unilever, Dole, Driscoll's, Golden State Foods, Kroger, McCormick and Company, McLane Company, Tyson Foods and Walmart have all come together to go on an exciting journey with IBM to search for new areas within the supply chain that can take advantage of the perks that Blockchain technology has to offer.
For the unversed, a blockchain is basically an anonymous online ledger that makes use of a data structure to make the process of transaction an easier and simpler process. It provides users the ability to manipulate the ledger in a safe way without seeking the support of a third party. By allowing tracking of digital assets, it helps establish a different level of trust and consensus to be established.
IBM Blockchain, the enterprise offering by the global software giant which debuted earlier this year in March, will help the consortium in tracing contaminated food products to its source in just a short interval of time.
Since its launch, IBM Blockchain has successfully garnered rave reviews and is being used in various technological experiments all over the globe. As recent as last month, Australia and New Zealand Banking Group (ANZ), along with its competitor Westpac, completed a blockchain-based trial with IBM Blockchain. The trial saw the three parties digitising the bank guarantee process used for commercial property leasing. It achieved this by employing Blockchain instead of going for a paper-based process with just single source of information that too via an immutable record.
In March this year, IBM joined hands with Maersk, the global leader in container shipping and ports, to launch a blockchain technology platform that works towards digitising the shipping industry along with the hefty documentation that goes with it.
Similar to IBM's consortium on Blockchain in global food supply chain, there's a consortium for Blockchain adoption in the trucking industry as well. Called The Blockchain in Trucking Alliance (BiTA), the consortium promotes the adoption, education, and development of a standard framework around blockchain in the trucking industry.
Blockchain seems to be the new blue-eyed technology that every industry in the world wants to make things better for themselves and their customers.
While food is something that each human being requires for energy, maintaining life, or stimulating growth, when the same food is consumed in a contaminated condition, it can lead to severe health conditions, even death.
In a shocking piece of stats, World Health Organization has revealed, that the world sees one in 10 people falling ill due to contaminated food and about one in 400,000 dying due to the same. IBM is certain that these number can be curtailed with proper data availability and traceability of contaminated food.
Esteemed names in the global food industry like Nestlé, Unilever, Dole, Driscoll's, Golden State Foods, Kroger, McCormick and Company, McLane Company, Tyson Foods and Walmart have all come together to go on an exciting journey with IBM to search for new areas within the supply chain that can take advantage of the perks that Blockchain technology has to offer.
For the unversed, a blockchain is basically an anonymous online ledger that makes use of a data structure to make the process of transaction an easier and simpler process. It provides users the ability to manipulate the ledger in a safe way without seeking the support of a third party. By allowing tracking of digital assets, it helps establish a different level of trust and consensus to be established.
IBM Blockchain, the enterprise offering by the global software giant which debuted earlier this year in March, will help the consortium in tracing contaminated food products to its source in just a short interval of time.
Since its launch, IBM Blockchain has successfully garnered rave reviews and is being used in various technological experiments all over the globe. As recent as last month, Australia and New Zealand Banking Group (ANZ), along with its competitor Westpac, completed a blockchain-based trial with IBM Blockchain. The trial saw the three parties digitising the bank guarantee process used for commercial property leasing. It achieved this by employing Blockchain instead of going for a paper-based process with just single source of information that too via an immutable record.
In March this year, IBM joined hands with Maersk, the global leader in container shipping and ports, to launch a blockchain technology platform that works towards digitising the shipping industry along with the hefty documentation that goes with it.
Similar to IBM's consortium on Blockchain in global food supply chain, there's a consortium for Blockchain adoption in the trucking industry as well. Called The Blockchain in Trucking Alliance (BiTA), the consortium promotes the adoption, education, and development of a standard framework around blockchain in the trucking industry.
Blockchain seems to be the new blue-eyed technology that every industry in the world wants to make things better for themselves and their customers.
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