Copy link
Increase text size
Decrease text size
Link copied

Nestlé to pilot new blockchain-based food-tracking technology with OpenSC

“Nestlé USA milk factory in Modesto, California, USA” by Nestlé, available under a Creative Commons Attribution-Non-Commercial-NoDerivs 2.0 Generic license at https://www.flickr.com/photos/[email protected]/17364529849.

Wed, 03 Jul 2019, 03:32 am UTC

Nestlé, the biggest revenue-based food company, has unveiled a blockchain-based pilot program to track its supply chains.

As per its press release, the firm will team up with blockchain-based network OpenSC to establish a distributed ledger system that will provide anyone access to verifiable sustainability and supply chain data, distinct from its current participation with IBM Food Trust.

This open blockchain technology will allow anyone, anywhere in the world to assess our responsible sourcing facts and figures,” Benjamin Ware, Global Head of Responsible Sourcing, Nestlé S.A., said.

He added that the new initiative marks a significant step towards the full disclosure of its supply chain, thus raising its bar for transparency and responsible production.

We want our consumers to make an informed decision on their choice of products,” Magdi Batato, Executive Vice Presidents, Head of Operations, Nestlé S.A., said.

Initially, the pilot program will trace milk from farms and producers in New Zealand to the factories and warehouses of Nestlé in the Middle East. The companies plan to extend the technology soon on palm oil sourced in the United States.

Open blockchain technology might allow us to share reliable information with consumers in an accessible way,” Batato said.

According to CoinDesk, the data will be collected on each step of the value chain and recorded on an open platform. The company is also considering including data from other monitoring systems including satellite farm imaging.

The success of the network will be gauged by the “feasibility, viability, and scalability” of the system, as well as how it can validate data. The pilot program will run for 6 months, and is expected to involve a QR code, mobile app, and web portal.

Nestlé claimed that the latest initiative makes it the first “major food and beverage company to announce that it will pilot open blockchain technology in this way.”

As previously reported in April, Nestlé, Carrefour, and IBM, the founding members of the IBM Food Trust platform, unveiled their plan to use blockchain technology to track Mousline instant mashed potato, allowing consumers to track the product’s journey from the Nestlé factory in the north of France to Carrefour stores.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (btc) $39,610.00 (-4.88%)
  • Ethereum (eth) $2,595.21 (+0.12%)
  • Tether (usdt) $1.00 (-0.01%)
  • Binance Coin (bnb) $333.63 (-1.87%)
  • Cardano (ada) $1.33 (-2.70%)
  • Bitcoin (btc) $39,610.00 (-4.88%)
Jul 15, 2021 (Thursday)
13:30
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft