IBM, Food Giants And Blockchain Technology

In my previous article I discussed the important role that International Business Machines (IBM) was playing in the blockchain environment, as well as the contractual world with the largest players. Recently, CNBC released a report stating that IBM has just released more contractual relationships with Nestle (OTCPK:NSRGY), Unilever (UN) and Wal-Mart (WMT).

These relationships are not merely general, but used to incorporate blockchaintechnology and transactions into the everyday world, and trace the source of any food contamination that might be apparent. This digital method of monitoring who buys what and where could mean a new development for health and safety management, and set newer standards for consumer expectations. In other words, will consumers begin to expect increasingly modern technology from the grocery producers, at risk of shopping elsewhere for their own perceived safety?


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