walmart 2

Walmart Inc on Friday announced to pilot a blockchain technology for end-to-end traceability of shrimp sourced in Andhra Pradesh and shipped to select Sam’s Club locations in the US.

The pilot project is the first known use of blockchain to track shrimp exports from the farmer in India to an overseas retailer, said a statement issued by Walmart Inc.

The move will help seafood farmers in the region to strengthen the shrimp supply chain and reinforce customer trust in the product, helping promote India as a preferred source of seafood, while also enhancing food traceability and transparency for consumers in the US, it added further.

Shrimp is India’s largest agricultural export, with the US as its largest market, taking a 46 per cent share of India’s shrimp exports by value in 2018.

Like this content? Sign up for our daily newsletter to get latest updates.

RELATED READING  Alrosa, Tencent and Everledger Launch WeChat Mini Program for Blockchain-Enabled Diamonds

Havells India Becomes the First Indian Electrical Company to Be Part of Dow Jones Sustainability Index – Emerging Markets

Previous article

Feature your B2B SaaS Startup on Startup Europe India Network

Next article



This site uses Akismet to reduce spam. Learn how your comment data is processed.

You may also like