Saturday February 27, 2021
Bitcoin (BTC) $47,013.00   Ether (ETH) $1,468.12
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Blockchain Technology

Grocery chain Albertsons to join blockchain-based IBM Food Trust network

Published by CryptoNinjas.net
04/11/2019
Grocery chain Albertsons to join blockchain-based IBM Food Trust network

Albertsons Companies, one of the largest food and drug retailers in the United States, confirmed today it is joining the blockchain-based IBM Food Trust network and will begin piloting the technology to improve how food is traced from farm to store shelf. Food Trust is one of the largest and most active non-crypto blockchain networks in production today. It is available as a subscription service for members of the food ecosystem to join.

The addition of Albertsons Companies to the Food Trust ecosystem of more than 80 brands brings blockchain-based food traceability to more consumers and industry players – from producers to suppliers to retailers – by helping enable greater transparency and collaboration, and ultimately, a safer food supply. Blockchain technology enables records that establish a shared environment for food transactions in which all participants can collaborate in a highly secured and transparent way to build trust.

Food Trust enables network members to share digital, distributed and immutable data, so that stakeholders across the supply chain can work together to trace and authenticate products or optimize supply chain processes. The solution 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.

The growing number of participants using the technology helps 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. It is being used to make the end-to-end food ecosystem more transparent and trustworthy, and has the potential to transform broad, nationwide food recalls into efficient, precise eliminations of recalled products. Already, more than five million food products digitized on the solution are on retail shelves.

Albertsons Companies, which operates nearly 2,300 stores across the U.S., will pilot Food Trust for tracing bulk romaine lettuce from one of its distribution centers, then will explore expanding to other food categories throughout its network. Albertsons plans to pilot the solution to help overcome the obstacles that have existed when a traceback is initiated for a product like romaine and is evaluating ways to use the technology to highlight the provenance of its extensive Own Brands portfolio.

“Blockchain technology has the potential to be transformational for us as we further build differentiation on our fresh brand. Food safety is a very significant step. In addition, the provenance of the products enabled by blockchain — the ability to track every move from the farm to the customer’s basket — can be very empowering for our customers.”

Anuj Dhanda, Chief Information Officer, Albertsons Companies

“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. Consequently, retailers are exploring new technologies to improve the infrastructure that underpins the global food supply chain.”

Jerry Noland, VP of Food Safety & Quality Assurance, Albertsons Companies

A blockchain network is strongest when it includes multiple, diverse members that form a transacting ecosystem. That is why the solution can enable an ecosystem of companies from across the food industry to onboard and share data. Already, members are recommending or mandating that their supply chain partners, such as downstream suppliers, join the network. This is intended to bring a more complete view of the entire lifecycle of a food product.

“Establishing IBM Food Trust and opening it to the food ecosystem last year was a major milestone in making blockchain real for business. Today, we are focused on ensuring that the solution scales and is accessible to participants across the food ecosystem, such as Albertsons Companies. By bringing more members into the network and enabling them to share greater cross-sections of data in a secured environment, we believe our vision of a transformed food ecosystem using blockchain is closer than ever.”

Raj Rao, General Manager, IBM Food Trust

By creating a transparent, secured information-sharing platform, the food ecosystem can benefit from greater efficiencies and lower barriers to critical information access to help make the food supply chain safer. Built on Hyperledger Fabric-based open source technology, the solution uses permissioning to ensure companies can set rules about who can see the data they upload to the solution and for how long, and that they maintain control of their data even after it has been uploaded to Food Trust.

10
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Centotrenta launches credit securitization management platform based on IBM Blockchain technology
Vendor Technology

Centotrenta launches credit securitization management platform based on IBM Blockchain technology

02/20/2020
DeltaTrak joins IBM Food Trust for blockchain traceability of perishable items
Blockchain Technology

DeltaTrak joins IBM Food Trust for blockchain traceability of perishable items

10/14/2019
procurant blockchain cryptoninjas
Vendor Technology

ProcurantConnect released to integrate food traceability data with blockchain

10/02/2019
IBM Blockchain Platform releases version optimized for Red Hat OpenShift
Vendor Technology

IBM Blockchain Platform releases optimized version for Red Hat OpenShift

09/24/2019
IBM Blockchain Platform enhances GMEX crypto transaction infrastructure
Vendor Technology

IBM Blockchain Platform enhances GMEX crypto transaction infrastructure

09/19/2019
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Glow programming language brings smart contract simplicity to Cardano

Glow programming language brings smart contract simplicity to Cardano

02/26/2021
This was avoidable – The lost Bitcoin fortunes

This was avoidable – The lost Bitcoin fortunes

02/26/2021
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Anchorage raises $80M Series C, led by GIC, Singapore's sovereign wealth fund

Anchorage raises $80M Series C, led by GIC, Singapore’s sovereign wealth fund

02/25/2021
Tendermint invests in Tgrade to bolster Cosmos' growing DeFi ecosystem

Tendermint invests in Tgrade to bolster Cosmos’ growing DeFi ecosystem

02/24/2021
Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

02/27/2021
SmartKey to integrate with GeoDB to build the blockchain-based data ecosystem

SmartKey to integrate with GeoDB to develop blockchain-based data ecosystem

02/26/2021
This was avoidable – The lost Bitcoin fortunes

This was avoidable – The lost Bitcoin fortunes

02/26/2021
Bitcoin exchange Xcoins receives In-Principle Approval for Malta's VFA license

Bitcoin exchange Xcoins receives In-Principle Approval for Malta’s VFA license

02/26/2021
Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

02/26/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version