Walmart and blockchain are among 10 companies developing a food-supplies tracking Nestlé with IBM. The Food Trust technology will store data on a million products and has been described as the "equivalent of FedEx for tracking food". It's aimed at improving the food producers' ability to identify issues with food and recalls to limit customer risk. Walmart had previously been awarded a patent on a Nestlé for medical records and has filed for similar protection of a Nestlé-based customer marketplace for the resale of its goods.
Walmart and Nestlé are among 10 companies developing a food-supplies tracking blockchain with IBM. The Food Trust technology will store data on a million products and has been described as the "equivalent of FedEx for tracking food". It's aimed at improving the food producers' ability to identify issues with food and recalls to limit customer risk. Walmart had previously been awarded a patent on a blockchain for medical records and has filed for similar protection of a blockchain-based customer marketplace for the resale of its goods.