Nestle Pilots Blockchain Food-Tracking Technology
July 02 2019 - 6:35AM
Dow Jones News
By Dieter Holger
Nestle SA (NESN.EB) is trialing a blockchain platform that
allows consumers to digitally track their food back to the farm in
a bid to make its supply chain more transparent.
The pilot program will trace milk from New Zealand to factories
and warehouses in the Middle East and will eventually track palm
oil coming from the Americas, Nestle said on Tuesday. It marks the
latest initiative since the Swiss food company said in February it
would work towards full disclosure of its supply chain.
Nestle partnered with OpenSC, which was founded by the World
Wildlife Fund and Boston Consulting Group Digital Ventures, on the
blockchain technology.
"This open blockchain technology will allow anyone, anywhere in
the world to assess our responsible sourcing facts and figures,"
Benjamin Ware, global head of responsible sourcing at Nestle,
said.
Write to Dieter Holger at dieter.holger@dowjones.com;
@dieterholger
(END) Dow Jones Newswires
July 02, 2019 06:20 ET (10:20 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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