LONDON – Europe’s largest retailer Carrefour SA (CARR.PA) has adopted blockchain ledger technology to track and trace chicken, eggs and tomatoes as they travel from farms to stores, and will deploy it across all of its fresh product lines in coming years.
The French retail giant said it will rely on blockchain technology developed by IBM (IBM.N), which is working with a number of retailers, logistics firms and growers to roll out systems to secure their global supply chains.
IBM Food Trust allows the industry to track and share information on how products are grown, processed and shipped. The technology cuts the time for checking the provenance of food from days or weeks to seconds, IBM said.
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