IBM announced yesterday (22nd) that it is working with Costco, Golden State Foods, McCormick, Nestlé, Tyson Foods, Unilever Companies such as Wal-Mart work together to create a blockchain technology alliance for the food supply chain.
According to the report, like other public cloud computing spaces, IBM has been working on the development of diverse blockchain projects in the past few months.
Considering the complexity of the food supply chain from producer to consumer, blockchain technology seeks a significant balance in the food supply chain based on its transparency and traceability (especially when errors occur). . The purpose of this cooperation project and the cooperation between major companies is to find out the key to the blockchain technology to facilitate the food ecosystem.
“Blockchain technology enables the global food system to open up a new era of “peer-to-peer transparency†that illuminates the way forward for every participant in the food ecosystem, and further motivates the system and drives positive action. "Frank Yiannas, vice president of food safety at Wal-Mart, said in today's statement. “At the same time, the Blockchain Alliance allows each participant to achieve rapid sharing of information in a trusted network.â€
Unsurprisingly, IBM's blockchain platform became the foundation of the alliance, supporting the Hyperlinker's Fbric and Composer models sponsored by the Linux Foundation to further develop blockchain-based applications.
According to the report, at present, establishing an enterprise-level blockchain is a major trend. For example, earlier this month, Microsoft introduced an enterprise-level blockchain framework. Earlier this year, IBM Research said that one-third of companies are currently looking for blockchain technology to develop their business.
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