Nestle Announced The Launch of A New Supply Tracking System on The Blockchain

The world’s largest food company officially announced the launch of a new program to track its suppliers, which will operate on the basis of the blockchain technology. To implement these plans, Nestle has entered into an agreement with OpenSC. Note that this partnership does not concern the IBM Food Trust blockchain.

The program testing will last six months, and success will be determined by the viability and scalability of the system, as well as how well it will verify the data. If the trial period is successful, this system will acquire its own mobile application and web portal in the future.

“For us, it is key that the access to the information is as seamless and easy as possible in order to have participation and traction with stakeholders and consumers,” the spokesperson said.

The company claims that this initiative was created to increase transparency and improve food quality control.

“We want our consumers to make an informed decision on their choice of products – to choose products produced responsibly. Open blockchain technology might allow us to share reliable information with consumers in an accessible way,” Magdi Batato, Nestle Executive Vice President said.

Initially, the system will track the milk that goes from farms in New Zealand to Nestle enterprises in the Middle East. After that, the company will determine the scalability of this development and will introduce new supply chains with time.

Recall that IBM Blockchain uses a QR code on products, which, when scanned, provides such information as the harvest date, location and farm owner, packaging date, product shelf life and tips for preparing it.

We want to remind:

IBM Received a Patent for Blockchain Data Sharing System

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