European supermarket giant Carrefour has become the latest food purveyor to sign on to IBM’s food-tracking blockchain technology.
Although the IBM Food Trust was officially announced Monday, many big-name enterprises have already signed on including Nestle, Dole Food, Tyson Foods, Kroger, Unilever and Walmart, which recently set a one-year deadline on its produce suppliers to start using this IBM blockchain to track their leafy vegetables.
Purchase, N.Y.-based IBM had been testing its system for 18 months. The official launch of the platform represents one of the first examples of blockchain in widespread use addressing a business problem.
Large, small and medium-size enterprises in the food industry supply chain can join IBM’s network for a subscription fee ranging from $100 to $10,000 a month, according to a press release.