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Briefing
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- Food Supply Chain Blockchain – IBM, retailers Walmart and Kroger, and giant food companies announced major collaboration to explore use of blockchain technology across global food supply chain
- Enhanced Food Safety – Source of food contamination can be identified in shorter time, instead of months, so contaminated food can be taken off shelves and prevent spread of illnesses
- Improved Transparency – All participants in food supply chain, such as growers, suppliers, processors, distributors, retailers, regulators, and consumers, can gain permissioned access to single ledger informing origin and state of food per transaction
- Food Safety Crisis – Contaminated food affects one in 10 people every year, resulting in 400,000 deaths, with lack of access to information and traceability an issue
- Participating Food Companies – Include Dole, Driscoll’s, Golden State Foods, McCormick and Company, McLane Company, Nestlé, Tyson Foods, and Unilever
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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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Dole Food Co. Inc., Driscoll's Inc., Golden State Foods, International Business Machines Corp., McCormick & Company Inc., McLane Company Inc., Nestlé SA, The Kroger Co., Tyson Foods Inc., Unilever NV, Walmart Stores Inc.
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Source
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"IBM announces major blockchain collaboration with Dole, Driscoll’s, Golden State Foods, Kroger, McCormick and Company, McLane Company, Nestlé, Tyson Foods, Unilever and Walmart to address food safety worldwide,"
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Browne, R., "IBM partners with Nestle, Unilever and other food giants to trace food contamination with blockchain",
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Aitken, R., "IBM forges blockchain collaboration with Nestlé & Walmart In global food safety",
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AcceleratingBiz analysis
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Original Publication Date
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August 22, 2017
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