Retail giants Walmart and JD.com are among several companies backing a new Blockchain study on food safety and traceability in China.
Tsinghua University National Engineering Laboratory E-Commerce Technologies and IBM, the four groups aim to connect businesses in the food supply chain process in the world’s most populous country.. That’s why they created the Blockchain Food Security Alliance.
According to the descriptions, this idea is a technological tool to record information in real time. The foundation aims to develop a “standards-based method for collecting data on the origin, safety and authenticity of food” using the Blockchain.