Albertsons Companies joins IBM blockchain initiative

Albertsons Companies joins IBM blockchain initiative

US food and drug chain Albertsons Companies has signed up with IBM’s Food Trust blockchain platform.

The retailer, which operates nearly 2,300 stores across the US, will pilot Food Trust for tracing bulk romaine lettuce from one of its distribution centres. It will then explore expanding to other food categories throughout its distribution network. It is looking to overcome the obstacles that have existed when a traceback is initiated for a product like romaine and is evaluating ways to highlight the provenance of its Own Brands portfolio.

Since it launched in October 2018, Food Trust has grown to incorporate around 80 clients, with over five million food products now using blockchain technology as part of their delivery process.

"Multiple high-profile consumer advisories from the Centers for Disease Control and Prevention and the Food and Drug Administration demonstrate the need to find more efficient ways of tracing products and identifying likely sources of contamination in a timely manner," says Jerry Noland, VP of Food Safety & Quality Assurance, Albertsons Companies. "Consequently, retailers are exploring new technologies to improve the infrastructure that underpins the global food supply chain."

Sign up for our free retail technology newsletter here.

Flexa lands major funding for blockchain-based payment network

Flexa lands major funding for blockchain-based payment network

Generation Subscriber demands next generation payments

Generation Subscriber demands next generation payments