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Blockchain can improve data integrity and auditing in the food industry by tracking and recording the entire supply chain journey of food products. This enables quick and accurate identification of the origin and handling of food items, reducing the risk of contamination and allowing for more effective recalls if needed.
Tesco is working with a consortium of other retailers to develop a Blockchain-based system for tracking food products through the supply chain. This system would allow Tesco and other retailers to verify the authenticity of food products and ensure that they are not counterfeit. IBM Food Trust is a Blockchain-based platform that is used by food producers, retailers, and other stakeholders to track food products through the supply chain. IBM Food Trust has over 100 members, including Walmart, Tyson Foods, and Dole Food Company.
