In the past few years, IBM has been involved in the adoption and integration of blockchain technology into its service operations in order to serve its customers better. The tech giant, which was majorly known for manufacturing PCs, has dabbled into the emerging blockchain sector and this time around, with its Food Trust Blockchain.
The IBM and Carrefour Partnership Deal
IBM has been able to ink a partnership deal with French company Carrefour which happens to be the largest grocery network in the world owing to its 12,000 locations. As at press time this world’s largest grocery chain has communicated interest to use the IBM’s designed data system as an integral part of its supply chain.
In the food sector, blockchain has a place as it facilitates safety. Aside from that, the rate at which artificial intelligence is being adopted daily; it might create thousands of jobs globally as data collection is a crucial but delicate part of the tracking system.
Interestingly, IBM’s decision to delve into blockchain has turned out to be a successful one. The company has been able to come up with multiple blockchain inclined solutions, including that of artificial intelligence using its Watson technology. Talk about product information, tracking, and security, IBM is arguably the first to reckon with. Notably, food safety and supply, Immutable ledgers and open databases thrive in industries characterized by chaotic supply chains.
The tech giant offers traditional businesses seamless access to the blockchain. Talking about the food industry, there is no doubt that food retailers are the prime target of the company as it has now largely moved its operations into a seemingly Software-as-a-service model. It is exigent to note that in the past, IBM developed a system for Walmart’s grocery department in order to improve food safety.
Carrefour Jumping on IBM’s Technology
Carrefour will be making its debut on the platform as a pioneer with IBM, as at press time, the Food Trust system has gone live, leaving an open door to other players in the food sector to jump on the modular software system offering three primary uses.
IBM’s Food Trust Blockchain comes with features that provide food retailers such as Carrefour a faster and more accurate insight into costs in relation to the products they are buying. What IBM describes as mobile “Trace” used to be a thorn in the flesh of retailers even with the advent of the internet, all thanks to IBM blockchain.
With the introduction of enhanced certification with which initial Food Trust offers, it is only necessary that acquiring taglines such as “fair trade” or “organic” are made more comfortable and also a basic application for accessing and inputting data I the Food Trust blockchain Network.
The interesting and equally the selling point of this initiative is that suppliers have potentials to be noticed by mega retail giants like Carrefour which might increase their revenue, this is more than an incentive for any supplier.