French retail giants, Carrefour and global food giants Nestlé are now using IBM,s Food Trust blockchain to keep track of the supply chain of baby milk formula.

In addition, by using the platform the firms aim to advance consumer confidence in the products’ quality; by ensuring more transparency of the entire supply chain of formulas produced by Laboratoires Guigoz.

Additionally, IBM Food Trust is based on the Linux Foundation’s <a href="https://www.ibm.com/downloads/cas/8QABQBDR">Hyperledger Fabric</a> software. Similar to other blockchain-enabled products, users will be able to access the information by scanning a QR-code printed on the product’s packaging.
<h2>Blockchain Tracking System by Retail Stores</h2>
Moreover, both Carrefour and Nestlé are not new on the application of blockchain to their businesses. The two companies began using IBM’s blockchain technology back in April to track the supply chain of Mousline; a well-known brand of instant mashed potatoes.

Additionally, earlier this year Carrefour revealed its plan to put at least 20 percent of its “in-house” products on the blockchain by 2020. The company claimed it had DLT-related pilots operating in six nations.

Moreso, this spring, Carrefour launched a blockchain-powered product, Carrefour Quality Line micro-filtered full-fat milk. 

Furthermore, Carrefour reported a rise in sales after a number of blockchain implementations; that tracked the supply chains of a range of  products including meat, milk and fruit. The increased traceability reportedly allowed customers to avoid products that had genetically modified organisms, antibiotics, and pesticides.

In addition, China’s popular online retailer JD.com announced that sales of its free-range chickens had doubled within two years. They attributed blockchain-enabled QR-codes to at least some of that success.

Other major supermarkets that have been putting their products on blockchain too. Auchan sells carrots that are on the blockchain, while Dutch supermarket Albert Heijn has used the technology to render the supply routes of its orange juice totally transparent.
<h2>Blockchain to Tackle Fraud in Supply Chain</h2>
In conclusion, <a href="https://www.cryptoknowmics.com/crypto/blockchain-ing-the-world-decentralizing-developing-nations/">blockchain</a> technology has proved to be a boon for the logistics industry. It has applications in many different processes of supply chain management. Importantly, blockchain solves the problem of accounting fraud in supply chains by creating blocks of records that cannot be changed.

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Carrefour and Nestlé to Track Baby Formula Using IBM’s Blockchain

French retail giants, Carrefour and global food giants Nestlé are now using IBM,s Food Trust blockchain to keep track of the supply chain of baby... %

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Carrefour and Nestlé to Track Baby Formula Using IBM’s Blockchain

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