Carrefour Blockchain Launched by IBM is Now Live

Carrefour Blockchain

Carrefour Blockchain

Carrefour Blockchain launched by IBM is now “generally available” after 18 months of testing. The blockchain based system provides data from participating players across the industry to allow for more transparency and traceability.

The announcement also comes with the news that Carrefour, a leading global retailer with operations in about 13 countries is joining the network to “strengthen their food excellence actions.” The move is meant to inspire confidence among its customers about its products. The retailer has over 13000 stores worldwide and plans to use the system in all its brands by 2022.

“Being a founding member of the IBM Food Trust platform is a great opportunity for Carrefour to accelerate and widen the integration of blockchain technology to our products in order to provide our clients with safe and undoubted traceability,” Laurent Vallée, general secretary at Carrefour said in a press release.

“This is a decisive step in the roll-out of Act for Food, our global program of concrete initiatives in favor of the food transition.”

According to IBM, the Carrefour blockchain network tracking of food to its source in a matter of seconds instead of weeks. This means that problems such as food contamination can be easily tracked to the source. Other aspects such as food freshness can also be determined. It can also be used to help reduce food wastage which is placed at about 30% of global production.

One of the advantages of the technology is the immutability of data once entered into the network.

Other members joining the network include Topco Associates which represents 49 members and a total of 65 million customers. Suppliers include BeefChain, Dennick Fruit Source, and Smithfield.

Walmart also recently announced it would start using the system to track leafy greens. All suppliers will be required to use the system in the future, the retailer said.

 

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