Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

Farm To Table? Check The Blockchain

Bloomberg Businessweek Middle East

|

1 May, 2018

Food giants are betting on digital ledgers to speed recalls and improve accountability

- Luzi-Ann Javier

Farm To Table? Check The Blockchain

Did the chicken you buy at the supermarket have a nice life, roam free, and eat healthy grains? If you’re the kind of person who cares, Carrefour SA, the big French grocery chain, has the bird for you. Every chicken it sells under its house brand can serve up its own life story, thanks to the wonders of blockchain software. All you need to do for the deets is scan the label with your smartphone.

This is the same technology that serves as the backbone of Bitcoin and other cryptocurrencies. The grocery giant isn’t just trying to appeal to discriminating foodies. It wants to do whatever it can to ensure its products aren’t tainted, part of a broader industry trend espousing the as-yet-unproven promise that blockchain can improve food safety.

Nestlé, Dole Food, Unilever, and Tyson Foods are working with their biggest customer, Walmart, to implement a blockchain platform built by International Business Machines Corp. Kroger and JD.com, China’s second- largest e-commerce operator, are also using the IBM platform. Carrefour developed its own system in-house. “Blockchain will do for food traceability what the internet did for communication,” says Frank Yiannas, vice president for food safety and health at Walmart Inc.

FLERE HISTORIER FRA Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

Golfing With The Enemy

Did Donald Trump's executives violate the Cuban embargo?

time to read

12 mins

August 16, 2016

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

Super-Rich Syrians Wait for War's End

Actor, author, playwright. Gill Pringle tries her hand at unravelling the mystery behind this enigmatic multi-hyphenate

time to read

11 mins

July 01, 2016

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

Pam Codispoti

The mastermind behind the industry-shaping Chase Sapphire Reserve Card sets her sights on banking

time to read

2 mins

January 16, 2018

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

This Time It's The Economy

President Rouhani’s budget sets offprotests from people angry about unemployment and inflation

time to read

5 mins

January 16, 2018

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

Saudi Prince Counts On Support Of Citizens

State-worker salary increases appeal to the people, but policy may throw the budget off track

time to read

3 mins

January 16, 2018

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

Stalin's Legacy Is Choking The Ukrainian Economy

The government has resisted pressure to lift a ban on land sales, despite pressure from the IMF and investors

time to read

4 mins

January 16, 2018

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

Catastrophe Bonds Survive A Stormy Year

The turbulence of 2017 couldn’t destroy a market for betting against disasters

time to read

3 mins

January 16, 2018

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

Riding The West Bank's Credit Boom

Increased consumer lending is creating a bubble in the West Bank

time to read

3 mins

January 16, 2018

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

You'd Be Crazy To Buy Pizza With Bitcoin

Speculative fervour makes the cryptocurrency clumsy for commerce

time to read

3 mins

January 16, 2018

Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East

What If The President Loses His Party?

Trump has to figure out a way to work with Republicans in Congress, or the global economy may be at stake

time to read

6 mins

August 16, 2017

Translate

Share

-
+

Change font size