Foods giant, Nestle launches blockchain platform for supply chain

nestle

The world’s largest foods company on a revenue basis, Nestle said it launched a blockchain platform that allows consumers to track their food right back to the farm.

The company said in a statement that the supply chain transparency blockchain platform was developed through a collaboration with OpenSC.

The project makes nestle Nestlé the first major food and beverage company that it will pilot open blockchain technology to track its supply chain.

“This is part of Nestlé’s journey towards full transparency,” the company said.

The project was led by WWF-Australia and The Boston Consulting Group Digital Ventures, OpenSC.

The platform simply has gives anyone, anywhere access to independently verifiable sustainability and supply chain data.

Nestle said the initial pilot program will trace milk from farms and producers in New Zealand to Nestlé factories and warehouses in the Middle East. Later, the technology will be tested using palm oil sourced in the Americas. These pilots will allow Nestlé to understand how scalable the system is.

Magdi Batato, Executive Vice President, Head of Operations, Nestlé S.A. said, “We want our consumers to make an informed decision on their choice of products – to choose products produced responsibly. Open blockchain technology might allow us to share reliable information with consumers in an accessible way.”

Nestlé has piloted blockchain technology since 2017, most prominently with IBM Food Trust. In April, it gave consumers access to blockchain data for the first time, through Mousline purée in France.

“This open blockchain technology will allow anyone, anywhere in the world to assess our responsible sourcing facts and figures,” said Benjamin Ware, Global Head of Responsible Sourcing, Nestlé S.A.

“We believe it is another important step towards the full disclosure of our supply chains announced by Nestlé in February this year, raising the bar for transparency and responsible production globally,” Benjamin Ware added.

Nestle has now joined major listed companies to tinker its supply chain and business process using blockchain. In May, we reported that global software and technology services giant, IBM, signed up more shipping giants to its shipping blockchain platform called TradeLens.