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Briefing
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- Blockchain Food Safety Alliance – Walmart, JD.com, IBM, and Tsinghua University’s joint effort to collect real-time data on food origin, safety, and authenticity in China using blockchain technology
- IBM Blockchain Platform – Leverages Linux Foundation’s Hyperledger standard, enabling information sharing between companies
- Intended Outcome – Stronger accountability between relevant businesses, regulators, and other government entities, as well as greater food transparency, traceability, authenticity, and safety
- Related Global Initiative – Walmart and IBM partnered for earlier blockchain-based food safety solution in August 2017, with 10 other global food suppliers and retailers
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Accelerator
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Market Disruption
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Business Model and Practices
Business Model
and Practices
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Sector
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Food and Beverage, Information Technology, Wholesale and Retail Trade
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Organization
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International Business Machines Corp., JD.com, Tsinghua University, Walmart Stores Inc.
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Source
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"Walmart, JD.com, IBM and Tsinghua University launch a blockchain food safety alliance in China,"
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Higgins, S., "Walmart, JD.com back blockchain food tracking effort in China",
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Aitken, R., "IBM & Walmart launching blockchain food safety alliance in China with fortune 500's JD.com",
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AcceleratingBiz analysis
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Original Publication Date
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December 14, 2017
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