Walmart Initiates Blockchain Project for Indian-sourced Seafood

Asia Blockchain Review
October 17, 2019
Walmart Initiates Blockchain Project for Indian-sourced Seafood

Walmart has revealed it is carrying out a pilot project that utilizes blockchain technology to trace shrimp from Andhra Pradesh in India that gets exported to its supermarkets in the United States.

Enabling Blockchain for the Food Industry

According to Malaysia News, the project is the first to adopt blockchain technology to trace the supply chain of shrimp from Indian suppliers to overseas destinations.

Shrimp is a huge part of India’s food export, with the U.S. accounting for 46% of India’s total shrimp exports by value in 2018.

Meanwhile, Walmart has stated that the pilot project will play a part in developing the shrimp supply chain in India, increasing trust for consumers in Indian-sourced seafood and ensuring food traceability and transparency.

The Indian government has also urged shrimp farmers to comply with export requirements, with blockchain technology serving as a solution that can help farmers input data and share information across the supply chain.

Walmart Monitors Food Safety with Blockchain

In a company statement, Walmart said using blockchain to track the export of shrimp from India can provide more data on the product and ensure traceability at various levels.

Walmart also said it is collaborating with Sandhya Aqua, an Andhra Pradesh-based seafood processor, and Stanley Pearlman Enterprises Inc, its U.S.-based supplier, to add this project of tracing the shrimp supply chain to IBM Food Trust, which built on blockchain to promote a safer, smarter and more sustainable food ecosystem.

Source: https://www.malaysianews.net


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