Today IBM
announced that the US food and drug retailer Albertsons Company plans to run a blockchain pilot on the
IBM Food Trust platform. Safeway is one of Albertsons’ brands.
The group had sales of just under $60 billion in 2017, and 41% of revenues come from perishables. The retailer joins 80 other companies using IBM’s solution.
The IBM Food Trust platform enhances supply chain transparency and provides a variety of benefits depending on the aim of a project. For example, in some cases users want to be able to verify sustainable sourcing or that a product is fair trade or organic. So they wish to see the producer’s authenticated certifications. In other cases, the focus is more on the supply chain with freshness and waste reduction as goals.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
