Search Coins

NFT Collection The Superlative Secret Society Price, Stats, and Review

cryptodaily.co.ukin 3 years
-2

What does crypto’s growth mean for the future of DAOs? | Opinion

crypto.newsan hour ago
0

Explaining why Bitcoin miners are celebrating Runes post BTC’s halving

ambcrypto.coman hour ago
0

IRS Reveals Preliminary Tax Reporting Form For Digital Assets

bitcoinist.coman hour ago
0

BEFE Coin’s Investment Value: Seizing the Moment for Financial Gain

www.livebitcoinnews.com2 hours ago
0

Bitgert Coin’s Price Surge: Seizing Momentum After Bitcoin Halving

www.livebitcoinnews.com2 hours ago
0

Crypto Analyst Issues Cardano Alert, Warns ADA Could Crash by up to 74% – Here’s His Outlook

dailyhodl.com2 hours ago
0

XRP Price To Soar Past $1.2, Analyst Predicts

coingape.com2 hours ago
0

Reserve Bank of New Zealand Releases Digital Currency Consultation Paper

news.bitcoin.com3 hours ago
0

Coinbase Vs SEC: Pro-XRP John Deaton To Appear As Amici Counsel

coingape.com3 hours ago
0

Bitcoin Meme Coin: PUPS Pumps 20% On Whale Accumulation and Runes

coingape.com4 hours ago
0

BREAKING: Bitcoin Halving 2024 Is Complete! Here’s What To Expect

bitcoinist.com4 hours ago
0

‘Things Could Get Really Bonkers’ – Bitcoin Primed To Explode by up to 282% if This Happens: InvestAnswers

dailyhodl.com4 hours ago
0

XRP price prediction – How to stop altcoin from dipping under $0.50?

ambcrypto.com4 hours ago
0

Morgan Stanley: US Dollar Has No Credible Challengers; Reserve Currency Status to Endure

news.bitcoin.com5 hours ago
0

UNI’s road to $10 – Cashing in on this buy signal could be key

ambcrypto.com5 hours ago
0

Analyst Predicts Cardano (ADA) To Rally By 75% As MVRV Ratio Plummets

www.newsbtc.com5 hours ago
0

BlastUP Token Presale Skyrockets: Here’s Why Dogecoin and PEPE Investors Are Flocking In

ambcrypto.com6 hours ago
0

Crypto Prices Today April 20: Bitcoin At $64K, Ethereum Nears $3100, SOL & XRP Recover

coingape.com6 hours ago
0

Bitcoin – Runes protocol goes live after the halving, is the hype real?

ambcrypto.com6 hours ago
0

By The Numbers: How Much Profits Are Bitcoin Whales & Miners Holding?

bitcoinist.com6 hours ago
0

Worldcoin Rejects Buenos Aires’ Claims Regarding Abusive User Contract Clauses

news.bitcoin.com7 hours ago
0

Cardano’s potential 75% price hike must wait until THIS prediction pans out

ambcrypto.com7 hours ago
0

One Project Man? Ripple CTO Clarifies Where His Loyalty Lays

bitcoinist.com7 hours ago
0

SEC Vs Justin Sun Case Update: Regulator Provides Additional Information In Lawsuit Against Tron Founder

bitcoinist.com8 hours ago
0

Nestlé jumps on Blockchain train

Jan 28, 2019 2:32 PM +00:00
0

Even the food company Nestlé is now in “Blockchain”. With this technology, Western Swiss people want to ensure the traceability of food – for consumers, businesses and suppliers.





For this purpose, Nestlé has been working on the topic of “decentralized databases” for a year and a half as part of the “IBM Food Trust” project. “Blockchain technology is designed to meet consumer demand for more transparency,” said Benjamin Dubois, who heads Nestlé’s blockchain projects, in an interview with AWP news agency.





Nestlé has been part of the food trust initiative of computer giant IBM for some time, Dubois said. In addition to Nestlé, global corporations such as Walmart and Unilever are also involved in the program. In concrete terms, the companies involved want to provide data for harvesting, processing, product labeling and transport on IBM’s blockchain solution.





Thanks to the Blockchain, the companies hope that they will be able to view such data within a few seconds, in contrast to traditional query methods. The new process is designed to give everyone, from the producer, to the seller and the end customer, access to a wide range of information about the different products.





As an option for data collection, the already widespread QR code is being tested, said the Nestlé manager. Such a code, placed on the product label, may provide data on the origin and composition of the product. It would also be possible to inform consumers about the manufacturer, the processing date or the bio-label of the product.





Test with baby porridge





Nestlé has already carried out the first tests with simple products – for example baby porridge. This year, plans are to extend the project to other products, added Dubois.





The food companies expect several benefits from the blockchain: improved control of their offer and faster identification of any problems. This refers to contaminated or already spoiled products. “The goal is full visibility in real time,” says Nestlé, a multi-branded food retailer whose portfolio includes around 2,000 brands and counts 165,000 suppliers.





Nestlé also receives support from consumer advocates. The French-Swiss consumer association FRC welcomes the initiative: “The traceability of products meets a strong consumer demand,” said FRC secretary-general Sophie Michaud Gigon. Because some labels, which are not tested for two or three years, are problematic.





The past has shown that, for example, in the context of horsemeat fraud in lasagna in 2013, the lack of traceability made it difficult to find those responsible. Therefore, the attempt to increase the transparency of the origin of products praiseworthy, keep the consumer advocates.





image by Shutterstock


Post source: Nestlé jumps on Blockchain train


More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com

Share This Article


Get the most out of CoinFi News!

Save coins into your Watchlist and be the first to know about the latest market moving news.