Walmart Is Ready To Use Blockchain For Its Live Food Business

Walmart (NYSE:WMT) Inc., US retail corporation and the world’s largest discount retailer, is ready to use Blockchain technology in its live food business, Bloomberg reported April 23.

Frank Yiannas, Walmart Vice President of Food Safety and Health, made the announcement Monday at the MIT Technology Review’s Business of Blockchain conference in Cambridge, Massachusetts. Yiannas said that Blockchain was able to shorten the time it took to track produce from six days to two seconds. Walmart is getting suppliers to put food on a Blockchain, which it says will reduce waste, as well as improve contamination management and transparency.