Dole Food Company, Inc. is teaming up with IBM, Walmart and other partners to implement a blockchain-based solution across its entire supply chain.
Dole first began testing IBM’s enterprise-grade production blockchain platform in 2017, using it to boost the confidence of retailers and consumers by tracking and verifying the authenticity of its products.
In case of a recall due to food contamination, Dole highlights the fact that blockchain technology can help accurately identify each point along the supply chain for its products, adding a secure layer of transparency, streamlining the recall process and resolving food safety investigations in seconds instead of weeks.
The California-based company says the rollout will be complete by 2025, expanding its 2019 blockchain integration for salads and fresh vegetables, where supply chain data is already being shared with several retail customers.
Consumers will also eventually be able to discover the origin of the food they eat by scanning packaging for product detail information.
Dole is the single largest vegetable and fruit producer in the world and operates in 90 countries with around 36,000 employees.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/MOLPIX
