Food manufacturing giant Nestlé has just announced that it will be deploying a blockchain based platform to help track its baby food products in real-time.
As things stand, Nestlé is currently the largest food company in the world. With the introduction of its latest project, the company plans to track its baby food products using a blockchain system. This is being done as part of a food industry exercise with nine other major food companies in order to ensure maximum consumer safety.
When looked at in-depth, we found that the blockchain system will be used to track the ingredients of Nestle’s baby food product Gerber. This is being done in order to prevent food recalls and minimize other issues related to decreasing customer trust.
More about the project
With the use of this technology, customers will be given the ability to trace the origins of all the ingredients contained within Nestle’s baby food products. This will allow consumers to can see where exactly all of the constituents have come from (via the use of a public ledger).
Also, as mentioned earlier, the Swiss food giant will be working in conjunction with nine other major food companies to help realize the true potential of this project. These companies include Walmart Inc, IBM, and rival Unilever PLC.
Lastly, the system being developed is reportedly called ‘Food Trust’. It leverages the potential of blockchain technology so as to create a single record that is shared amongst the participating firms.
Why is Nestle’ going through all of this trouble?
As some may recall, last year nearly twelve million boxes of baby milk were recalled due to there being traces of salmonella being present in them. Not only that, sometime back, there were also reports of slaughterhouses in the UK not complying with existing FSH regulations, thereby putting the lives of many consumers at risk.
Even though Nestlé’s blockchain experiment is still in its infancy, it is good to see a company of this stature use blockchain to streamline complicated work processes including shipping, trucking etc.
With the supply-chain industry being is one of the core areas where blockchain can be deployed with ease, it seems like it will only be a matter of time before we start to hear about similar reports cropping up in the near future.
Image courtesy of Shutterstock.com
Please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. CryptoMode is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.