Nestlé has announced plans to track its products along the supply chain with blockchain technology.
It is working on this with OpenSC, a blockchain platform founded by WWF-Australia and The Boston Consulting Group Digital Ventures. A pilot will trace milk from farms and producers in New Zealand to Nestlé factories and warehouses in the Middle East. The technology will later be tested with palm oil sourced in the Americas.
Magdi Batato, Executive Vice President, Head of Operations, Nestlé, says: “We want our consumers to make an informed decision on their choice of products – to choose products produced responsibly. Open blockchain technology might allow us to share reliable information with consumers in an accessible way.”
The company has been testing out blockchain technology since 2017, most notably with IBM Food Trust. In April, it gave consumers access to blockchain data for the first time, through Mousline purée in France.