Blockchain Food Trust

Ibm food trust built on blockchain benefits all network participants with a safer smarter and more sustainable food ecosystem.

Blockchain food trust. After 18 months in production the ibm food trust blockchain platform is now commercially available bringing with it windfall promises of improving the traceability of food products and. The digitization of transactions and data provides a more efficient way of working across the supply chain including growers processors shippers retailers regulators and consumers. Email facebook twitter linkedin whatsapp telegram. Consumer trust is one of the biggest hurdles that the food industry is up against today.

Blockchain can be used in the food industry because fundamentally it is about helping to manage the food system which is itself a chain or set of linked chains. Participants do not need to know or trust one another in order to come together on the blockchain of food smart contracts can evaluate the assertions made on the blockchain and notify their. We built the ibm food trust solution using ibm blockchain platform which is a tool or capability that ibm has built to help companies build govern and run blockchain networks. There are many actors in that chain.

A recent food and health survey uncovered a serious trust deficit between consumers and food manufacturers and suppliers and we don t have to look far to see why. Kvaroy joins ibm blockchain food trust. Ibm food trust built on blockchain benefits all network participants with a safer smarter and more sustainable food ecosystem. Ibm and kvarøy arctic pronounced kwa ray a major producer of norwegian farmed salmon has joined ibm food trust to enhance the traceability of its arctic salmon and help foster consumer trust across their supply chain.

There are suppliers who are providing the food and there may be aggregators and retailers and people who are ultimately selling the food but it is all about the supply chain.