Ten global food companies have teamed up with IBM to use blockchain technology in order to reduce losses and to improve food safety.
One in 10 people around the world suffer from food poisoning every year – and 420 000 of them die, according to the World Health Organisation.
The UN Food and Agriculture Organisation (FAO) estimates that up to one third of all food (or 1.3 billion tons) is spoiled or squandered before it is consumed by people. Put in monetary terms, food losses and waste amount to roughly US$680 billion in industrialised countries and US$310 billion in developing countries.
The companies that are collaborating in developing a blockchain logistics network are Dole, Driscoll’s, Golden State Foods, Kroger, McCormick and Company, McLane Company, Nestlé, Tyson Foods, Unilever and Walmart.
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