Blockchain Food Safety Alliance will enhance food safety in China
Alliance will use blockchain technology to track and trace
Walmart, JD.com, IBM and Tsinghua University National Engineering Laboratory for E-Commerce Technologies are working together to form the Blockchain Food Safety Alliance. The group’s purpose is to enhance food safety, tracking and traceability in China.
Blockchain technology is a distributed digital ledger technology that uses cryptography and timestamps to provide a permanent record of various types of transactions. This technology powers Bitcoin, and the project plans to use it to achieve greater transparency across the food supply chain.