Food and Supply Chains Industries Show New Interest in Blockchain

Since 2016, interest among supply chains and food industry companies in utilizing blockchain technology to increase efficiency has spiked dramatically. According to reporting by Trust Nodes, media mentions of the blockchain, supply chains, and food were practically non-existent until 2017. Since that time, these terms have appeared together more and more frequently. Now, it’s common to see indications by some of the largest companies in the country that they are interested in exploring how blockchain can improve food supply chains. Mega-retailer Walmart (WMT) is among these companies.

Walmart and Mangoes

According to the International Dairy Foods Association, “Frank YIannas, vice president of food safety for Walmart, became a believer in the benefits of blockchain technology when his corporate team reduced the time it took to trace a package of sliced mangoes from more than six days to 2.2 seconds.” In this case, blockchain has helped to coordinate many different players along the supply chain, dramatically improving efficiency in the process.

Click here to read the full article

The following two tabs change content below.

Francesca Marocchino

Francesca is greatly interested by the blockchain technology and how to make the best use of it. She likes to study the positive and negative impact new technologies can have on our lives. Also very passionate about the IOT and the development of smart cities, she believes we can all innovate to shape our future and preserve our planet at the same time.

Leave a Reply