IBM – Large companies unite in blockchain retail project

Tyson Foods, Nestle, Unilever and other giant food companies have teamed up for an IBM project to explore the benefits of blockchain technology to track and improve supply and safety, the companies said on Tuesday.

Originally designed to support bitcoin criptomoeda, Blockchain is a shared registry of various data that is stored by a computer network, rather than just a third party.

10 companies have already confirmed that they will share the data and will run some trials with IBM from confirmed names, Dole Food, Kroger, McCormick, McLance, Golden State Foods and Driscoll’s.
Walmart has also confirmed its presence and has been working with IBM since October to track the movement of food products.

There are those who say blockchain is a technology still in the making and it may take a few years for companies to receive results and benefits. Retail is also very competitive and has a very weak history of aid, recalling the case of the “disappearance” of the mobile payment application CurrentC, which was another industry advance.

The giant IBM also said it is launching a blockchain platform that should facilitate the development of applications by large companies using the technology.

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