IBM Food Trust has unveiled a Blockchain platform for the food industry. The tech giant hopes to bring transparency to the food chain and enhance foods safety measures. The primary service of the network will be to monitor the food chain to transform the tracking in the supply chain.
The launching of the network comes after 18 months of intense trials and tests. The Blockchain will be cloud-based and accessible to the public. The main users will be farmers, suppliers, and retailers. Additionally, health inspectors can use the platform to trace food-caused diseases directly to the point zero.
Blockchain Technology Is The Best Option For Tracing
Blockchain distributed ledgers are immutable and public. This means that data that is written on the network’s blocks cannot be altered by bad actors who aim to curtail the reality on the ground. Therefore, the IBM Food Trust blockchain will ensure that of food safety through digital solutions.
The logistical records in the ecosystem will be available to the public. The complete historical data will highlight the time of production, packaging, and movement as well as indicate the identity of the parties that handle the specific food under focus.
Additionally, the platform enables food experts to view test data and relevant temperature conditions of the food under inspection. This will consider the conditions that food is exposed to that may lead to safety concerns especially due to trade nature where there is a need for cross-border and long-distance food movements. The significance of this aspect is that food chain companies can be able to identify areas of their work that needs correction, overhaul or improvement.
Lastly, the IBM Food Trust platform will be ideal for displaying food certification to the public. It is very crucial that consumers get the assurance that what they are consuming has been inspected, verified to be safe and approved to be fit for human consumption.
IBM Is Focusing On Restoring Trust
The Sales Vice President of IBM Global Industries and Blockchain, Bridget van Kralingen, revealed in a press statement that the initiative is intended to build trust. She said that “trust today is transparency” as she referred to trust as the currency that will achieve food safety. Further, Bridget pointed out that the blockchain will share the responsibility of quality assurance to participants of the food chain, a factor that is vital for simplifying work and food safety audit inquiries.
According to Bridget, the aspect of trust will have profound benefits to many parties. Firstly, business will incur low operational costs due to reduced costs of logistics and administration of the food chain. Secondly, the consumers will be protected from bad actors who supply substandard foods to the market. Thirdly, the government can be able to use the platform to determine taxes where they are applicable. Lastly, the Center for Disease Control (CDC) can be able to inspect food-related ailments and mitigate the problem before it runs out of hand.
About The IBM Food Trust
The Blockchain platform will not have a native utility token. This is because of the fact that it is built on the Linux Foundation’s Hyperledger Fabric. The technology offers a network that is powered by distributed applications that are written in general purpose programming languages such as Java, Go, Node.js, etc. that do not need Crypto tokens. The platform falls under the category of software-as-a-service and not blockchain-as-a-service.