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Nestle, Unilever join IBM to help track food supply chains, improve safety

A total of 10 companies will share data, run trials with IBM

Reuters  |  Chicago/New York 

Nestle SA, Unilever Plc, Tyson Foods Inc and other large food and retail companies have joined IBM's project to explore how blockchain technology can help track food supply chains and improve safety, the companies said in a joint statement on Tuesday. Blockchain, which first emerged as the system underpinning cryptocurrency bitcoin, is a shared record of data maintained by a network of computers, rather than a trusted third party. A total of 10 companies said they will share data and run trials with IBM, including Kroger Co, Dole Food Company Inc, McCormick & Company Inc, ...

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First Published: Tue, August 22 2017. 19:53 IST