supply chain: Blockchain, the underlying technology behind virtual currency bitcoin, is a digital system that allows parties to transact using individual codes for goods, according to The Japan Times. I see a lot of potential to create what I call a digital and transparent food system, said Wal-Mart food safety vice president Frank Yiannas. Working with IBM, retail giant Wal-Mart Stores Inc. is testing the technology system on mangos in the United States and pork in China. The technology enables different parties in the supply chain to share details such as the date an animal was slaughtered or the weather conditions at harvest time. The system also can also counter fraud and mistaken deliveries, champions of the technology say. Data can be stored through a photograph on a smartphone that is transmitted onto a dedicated platform.
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Tagged under supply chain, food system topics.