Walmart announced today that it will require suppliers of leafy greens to upload data to a private blockchain provided by IBM next year. The goal is to make it much faster to verify origins of greens responsible for food borne illness. That will be good for people who buy spinach at Walmart and for Walmart’s reduced costs in responding to crisis.
There’s sure to be an innovation dividend, too. It’s not hard to imagine this expanding across the biggest supply chain in the world, and then to jump into more firms even beyond the other places it’s currently being tested.
Bloomberg: “IBM is working on food traceability with 10 other companies, including Dole Food Co., Unilever NV and Driscoll’s Inc., a berry supplier. The computer giant holds a leading 32 percent share of the $700 million-plus market for blockchain products and services, WinterGreen Research Inc. said in January, and has 1,500 working in the field.”
Let’s see CSR on the blockchain
This sounds like a great start but I sure would like to see the immutable ledger paradigm put into networks like these supply chains and used to track:
- Climate impact
- Worker respect
Just that! Verified by 3rd parties, I’m sure, but with that verification certified by said blockchain.
Help slow down climate apocalypse and use blockchain to prove that your whole team is doing it. I’ll buy more if you do, and I know I’m not alone.