Alibaba Blockchain Food Safety

Alibaba ups food safety down under via blockchain jenny w.

Alibaba blockchain food safety. A sense of crisis emerged among the mass in 2008 when six babies in infancy died because of toxic melamine milk powder. Alibaba launches food safety blockchain pilot with fonterra may 3 2018 17 15bychloejiangbyinblockchain717428 new zealand dairy brandfonterrahas teamed up with alibaba group to pilot the blockchain basedfood trust frameworktotrace the supply chain from the dairy producer in new zealand to consumers in china. Counterfeit soy sauce rice and eggs are among the potentially deadly items found for sale. Hsu april 27 2018 alibaba and four australian and new zealand companies on friday introduced a food tracing system based on blockchain technology looking to enhance consumer confidence in the provenance of the products they re buying.

The blockchain food safety alliance gained partnerships with walmart and ibm. Alibaba fonterra eye blockchain for food safety a technology used to power the bitcoin cryptocurrency could soon be ensuring global food security. The blockchain based food trust framework will be used to verify that ingredients are from their stated location in an effort to reduce a type of crime that costs the global food industry an estimated 40 billion each year. Since then an increasing number of consumers regard food safety as a very big problem jumping from 28 in 2008 to 40 in 2016 based on a pew research center study 1.

Rob o neill new zealand reseller news 28 march 2017 13 54 0 comments. Chinese e commerce giant alibaba has recently launched a pilot blockchain that it aims to use for supply chain tracking in order to prevent food fraud. China has a fake food problem. Alibaba china s e commerce giant is attempting to tackle food safety issues haunting the country by revolutionizing information flow throughout the supply with blockchain technology.

The signing of today s memorandum is the first step in creating a globally respected framework that protects the reputation of food merchants. Alibaba and blockchain technology to drive food safety and quality by doug green on march 28 2017.