The world largest food discount retailer – Walmart Inc. will use blockchain in its business, as Bloomberg reported.
Walmart, as one of the biggest food suppliers, sees blockchain as a tool which can solve one of the biggest problems in the world – lack of time.
The announcement made by Frank Yiannas, Walmart Vice President of Food Safety and Health at the MIT Technology Review’s Business of Blockchain conference in Cambridge Massachusetts, blockchain, they will be able to reduce the time needed to track produce from six days to seconds.
Walmart Inc. began to test the technology with IBM to remove recalled foods from its product list and submitted a patent application for its “Smart Package” system. It is a Blockchain-based tool to track package contents like locations or environmental conditions.
released its own MobiCoin, which will reward good driving behaviours. Also, Porsche introduced a blockchain technology to its cars to improve, e.g., safety.
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Last modified: April 24, 2018
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