IBM's Food Blockchain Is Going Live With a Supermarket Giant on Board
IBM is taking its food-tracking blockchain into production, making it one of the largest enterprise projects to achieve that milestone, and has signed European supermarket giant Carrefour to use it.
Announced Monday, the commercial launch of IBM Food Trust means that large players, as well as small and medium-size enterprises (SMEs) in the food industry supply chain, can now join the network for a subscription fee ranging from $100 to $10,000 a month.
And many SMEs may have a stronger incentive to participate now that Carrefour, which operates 12,000 stores in 33 countries, is on board. The retailer will track and trace its own branded products in France, Spain and Brazil, before expanding to other countries by 2022.
"For us, it's a matter of sense for the consumer," Emmanuel Delerm, blockchain program director at Carrefourm told CoinDesk. "It's really this that will push us to say to our producers or partners or suppliers, will they come on the platform? It's really consumer-orientated; it's really for them that we are doing this."
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via coindesk.com