Ten major companies, including Wal-Mart, Nestle and Unilever, jointly launched Food Trust, a project to enhance the food supply chain. They cooperated with IBM to launch a blockchain that tracks the global food supply chain and improved the ability of companies to identify food recall related issues reduces customer risk. The above blockchain is under development. According to IBM, the Food Trust system can store about 1 million items, such as Nestle’s canned pumpkin, Driscoll’s strawberry, and Tyson’s chicken leg. According to Frank Yiannas, Wal-Mart’s vice president of food safety, the Food Trust blockchain is “equivalent to FedEx tracking food.” It can capture real-time data on any food at any time. While brands participating in Food Trust may sometimes be competitors, Chris Tyas, global head of supply chain at Nestlé, says that in any case, these companies will work together to ensure consumer trust.
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