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Walmart will require some suppliers to use IBM's food safety solution

Published 09/24/2018, 03:16 PM
© Reuters.  Walmart will require some suppliers to use IBM's food safety solution
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IBM
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  • Walmart (WMT -0.9%) announces that all suppliers of leafy green vegetables for both Sam’s Club and Walmart must upload their data to IBM’s (IBM -0.9%) food safety blockchain solution by September 2019.
  • Putting data into the IBM Food Trust Solution, which Walmart helped develop, makes the food supply process more transparent and traceable in the event of an illness outbreak.
  • Before the blockchain, it took about a week to trace the source of food. The blockchain reduces the time to 2.2 seconds, which also reduces the likelihood of tainted food reaching consumers.
  • IBM will offer an onboarding system to help orient users to the service, meaning participating suppliers won’t need to know anything about blockchain to comply.
  • Now read: IBM: A Dividend Growth Income Investment


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