• Tue, 10 Dec 2019, 02:09 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Albertsons Companies to pilot IBM Food Trust blockchain-based food traceability solution

Image Via Getty Images

Fri, 12 Apr 2019, 04:50 am UTC

Food and drug retail giant Albertsons Companies is the latest to join blockchain-based IBM Food Trust network.

Albertsons Companies is one of the largest food and drug retailers in the United States, operating nearly 2,300 stores across the country. It counts Safeway, Vons, Shaw's, Acme, Randalls, and others among its subsidiaries.

Launched last October, IBM Food Trust uses blockchain technology to enhance visibility and accountability in the food supply chain. It creates a digital record of transactions or interactions – from a packaging date, to the temperature at which an item was shipped, to its arrival on a grocery shelf.

Albertsons Companies joins more than 80 brands that are using the IBM Food Trust blockchain-based food traceability solution. Built on Hyperledger Fabric-based open source technology, it uses permissioning to allow companies to set rules about who can see the data they upload to the solution and for how long. The companies also maintain control of their data even after it has been uploaded to Food Trust.

IBM said the growing number of participants will help address a broad range of food system issues, such as supply chain efficiency, freshness, waste reduction, sustainability and participants' ability to verify certifications, such as fair trade and organic. Already, more than five million food products digitized on the solution are on retail shelves, the release said.

According to the official release, Albertsons Companies will start piloting the technology for end-to-end traceability of food – from farm to store shelf. The initial pilot will focus on tracing romaine lettuce from the supplier to the store for greater supply chain efficiency and more targeted recalls.

The pilot will be initially launched in one of distribution centers of the company, with plans to expand it to other food categories throughout its distribution network. Albertsons Companies is piloting the solution to overcome the challenges that arise when a traceback is initiated for a product like romaine.

"Multiple high-profile consumer advisories from the Centers for Disease Control and Prevention and the Food and Drug Administration demonstrate the need to find more efficient ways of tracing products and identifying likely sources of contamination in a timely manner," said Jerry Noland, VP of Food Safety & Quality Assurance, Albertsons Companies. "Consequently, retailers are exploring new technologies to improve the infrastructure that underpins the global food supply chain."

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $7,412.04 (-1.67%)
  • Ethereum (ETH) $147.83 (-2.03%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $209.29 (-2.18%)
  • Litecoin (LTC) $44.81 (-1.92%)
  • Bitcoin (BTC) $7,412.04 (-1.67%)
Dec 9, 2019 (Monday)
16:11
Blockchain-based social media platform Voice to release public beta in February 2020
14:49
Crypto exchange OKEx to launch options trading this month
13:19
Cryptocurrencies could replace fiat currencies by 2030, says Deutsche Bank
12:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:52
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:31
Crypto Technicals: XRP/USD halts 4 straight session's of gains, finds stiff resistance at 21-EMA
10:34
Boerse Stuttgart’s cryptocurrency exchange BSDEX opens to all German investors
09:19
Ukraine passes final regulatory law for anti-money laundering; Taps Belarus exchange for more regulatory expertise
08:31
Crypto Technicals: LTC/USD lacks upside momentum, sideways grind likely before next leg lower
08:29
Crypto Technicals: ETH/USD holds above 5-DMA, 'Golden Cross' on hourly charts keeps scope for upside
05:29
Crypto Technicals: BTC/USD shows bullish signs on intraday charts, break above 21-EMA will open upside
04:39
Microsoft unveils blockchain token and data management service
04:03
Securitize acquires Japanese blockchain consultancy firm following backing from SBI Investment
03:21
Kadena blockchain to track CBD oil in partnership healthcare-focused tech firm
03:13
Bank of China lends $2.8B to SMEs using own blockchain-based bond issuance system
Dec 8, 2019 (Sunday)
10:32
Investment group acquires green light from the SEC for Bitcoin Futures fund
10:16
SEC taps British court to acquire deposition from former Telegram chief investment advisor
Dec 6, 2019 (Friday)
13:25
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:24
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:19
Crypto Technicals: LTC/USD extends sideways, finds strong support at 42.45 (Trendline)
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft