Food Trust by IBM officially launched

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Food Trust by IBM officially launched
Food Trust by IBM officially launched

IBM officially launched its blockchain-based food tracking program. Wholesalers, suppliers and all other organizations that want to use food tracking software in their supply chain will be able to use the IBM Food Trust platform.

After 18 months of testing, IBM launched its platform for tracking food using the blockchain. Retailers, food suppliers and wholesalers will now be able to use IBM software to track food based on IBM’s distributed database (DLT).

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Food-tracking solutions similar to the IBM Food Trust have so far been presented only as concepts and in a limited number of projects. Walmart, a multinational retailer, said that by September 2019, all food suppliers would need to use the blockchain-based Food Trust program for all food products.

IBM Food Trust is based on cloud solutions (SaaS).

One of the very first large-scale blockchain-based solutions.

The launch of the Food Trust at the corporate level makes IBM one of the first companies to introduce a blockchain-based ready-to-use solution on such a large scale.

Companies that have already signed up to Food Trust include a wholesale supplier of BeefChain (a Wyoming beef producer), Smithfield Foods Inc (the world’s largest pork producer) and Dennick FruitSource (a distributor of fruit juices), Carrefour, a large French retail corporation with more than 12 000 stores in 33 different countries.