Walmart adopts IBM blockchain technology to track pork supplies for more efficient monitoring of supply chain

Briefing

Walmart adopts IBM blockchain technology to track pork supplies for more efficient monitoring of supply chain

December 16, 2016

Briefing
  • Supply chain tracking – Opened new “food safety collaboration center” in Beijing using IBM’s blockchain solution, with aid from Tsinghua University, to track pork supplies in China from supplier to Walmart stores using serial numbers and record systems
  • Company's first – First time for Wal-Mart, largest retailer in world, to adopt blockchain technology, which can expand to other commodities
  • Multi-industry adoption – Blockchain adoption grows among consumer technology giants and financial institutions as more efficient way to keep records

Accelerator
Web3 Ecosystems, Tokens and Consensus Mechanisms

Business Model and Practices

Business Model
and Practices
Innovative Partnerships

Sector
Wholesale and Retail Trade

Organization
International Business Machines Corp., Tsinghua University, Walmart Stores Inc.

Source

Original Publication Date
October 19, 2016

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