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IBM Food Trust Blockchain to Include New Suppliers in 2019

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Via a simple QR code system, a consumer can in theory know:

“Not only the origin and composition of the product, but which farmer participated in the harvest, when it was made, the date on which the food was processed, the identity of the factory that took care of it, even how many employees the agricultural enterprise has and which ethical certificates the producers hold.”

From the start of testing, there have been over 350,000 food data transactions on the platform. IBM notes that the use of blockchain technology can reduce the cost of the average product recall by up to 80%. General availability is expected to be announced later this year.



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