What’s the most important company related to incentivizing institutional usage of the blockchain? Though several different answers exist, many industry professionals would likely answer IBM. From essentially launching and continuing to develop the Hyperledger blockchain framework, to supporting the Stellar network, to putting food on the blockchain, there is not much that IBM hasn’t done for the space.
While some of these areas of focus have been relatively quiet as of late, their Food Trust platform seems to have risen to the top of the pack, simply due to its’ recent growth in its’ user base. Given the fact that IBM’s efforts related to putting food on the blockchain started with Walmart and a large Chinese University back in 2016, it should not be a surprise that they continue to succeed in this respect.
Since 2018 included some of the world’s biggest grocery retailers and food suppliers signing up for Food Trust, it was easy to wonder when just about everyone else would follow suit. Widespread adoption was really beginning to look viable in this particular case.
With today’s news that Alberstons Companies, which is the world’s second largest grocer, has joined Food Trust, it now appears clear that IBM will lead the way in using the blockchain to improve large supply chains.
According to CoinDesk’s piece on the subject today, Albertsons will actually start their usage of IBM’s food tracking blockchain with a small group of lettuce suppliers. Since these suppliers specifically deal in romaine lettuce, it is easy to see another added benefit in their adoption of the blockchain related to the health of their customers.
Perhaps, as CoinDesk suggests, tracking produce from end-to-end in a way that is fully transparent and therefore, more easily auditable than ever will reduce the likelihood of events occurring like the E-coli outbreak of 2018.
Since Albertsons is also reportedly researching using the blockchain to prove the authenticity of one of its’ product lines, it would appear that they are receptive to the idea of adopting the blockchain at scale.
With this in mind, will IBM continued its’ frenzied pace, all the way to the top of the blockchain industry? Is there an IBM coin in the future?
By: BGN Editorial Staff