Albertsons signs on IBM Food Trust traceability network
Albertsons Companies, one of the largest food and drug retailers in the United States, is joining the blockchain-based IBM Food Trust network. Albertsons will begin piloting the technology to improve how food is traced from farm to store shelf.
The addition of Albertsons to the Food Trust ecosystem of more than 80 brands brings blockchain-based food traceability to more consumers and industry players — from producers to suppliers to retailers — by helping enable greater transparency and collaboration and, ultimately, a safer food supply.
Blockchain is a system of record that establishes a shared environment for food transactions in which all participants can collaborate in a highly secured and transparent way to build trust. Food Trust enables network members to share digital, distributed and immutable data. This allows stakeholders across the supply chain can work together to trace and authenticate products or optimize processes.
The solution creates a digital record of transactions or interactions — from a packaging date, to the temperature at which an item was shipped, to its arrival on a grocery shelf.