• Bloomberg reports that Walmart, after years of testing, will require “suppliers of fresh, leafy greens to implement real-time, end-to-end traceability of products back to the farm using a digital ledger developed by International Business Machines Corp. The world’s largest retailer plans similar mandates for other fresh fruit and vegetable providers within the next year, according to Frank Yiannas, vice president of food safety.”
The requirement will apply to suppliers of product to both Walmart and Sam’s Club stores.
The story goes on to say that “Walmart’s move shows that IBM’s huge bet on blockchain, the technology that underpins the digital currency Bitcoin, is starting to pay off. With the leafy-greens mandate, more than 100 companies will be required to use IBM’s blockchain service, according to Walmart … More vendors will join in as the mandate is expanded.”
The requirement will apply to suppliers of product to both Walmart and Sam’s Club stores.
The story goes on to say that “Walmart’s move shows that IBM’s huge bet on blockchain, the technology that underpins the digital currency Bitcoin, is starting to pay off. With the leafy-greens mandate, more than 100 companies will be required to use IBM’s blockchain service, according to Walmart … More vendors will join in as the mandate is expanded.”
- KC's View:
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Transparency in such things is going to become an enormous advantage to companies that adopt such initiatives.
