Alibaba Blockchain Food Safety

Food safety and quality is a serious global issue that not only costs the food industry billions every year but puts consumers health at risk.

Alibaba blockchain food safety. Alibaba and blockchain technology to drive food safety and quality by doug green on march 28 2017. Global cards giant mastercard and chinese internet behemoth alibaba have joined with blockchain australia to establish a new platform for authenticating and tracking the nation s food wine and produce exports using blockchain technology. Alibaba and four australian and new zealand companies on friday introduced a food tracing system based on blockchain technology looking to enhance consumer confidence in the provenance of the products they re buying. A sense of crisis emerged among the mass in 2008 when six babies in infancy died because of toxic melamine milk powder.

Now alibaba the nation s top online shopping company wants to fight. The blockchain based food trust framework will be used to verify that ingredients are from their stated location in an effort to reduce a type of crime that costs the global food industry an estimated 40 billion each year. China has a fake food problem. Alibaba china s e commerce giant is attempting to tackle food safety issues haunting the country by revolutionizing information flow throughout the supply with blockchain technology.

Chinese e commerce giant alibaba has recently launched a pilot blockchain that it aims to use for supply chain tracking in order to prevent food fraud. Alibaba ups food safety down under via blockchain jenny w. Counterfeit soy sauce rice and eggs are among the potentially deadly items found for sale. Alibaba fonterra eye blockchain for food safety a technology used to power the bitcoin cryptocurrency could soon be ensuring global food security.

Hsu april 27 2018 alibaba and four australian and new zealand companies on friday introduced a food tracing system based on blockchain technology looking to enhance consumer confidence in the provenance of the products they re buying. Rob o neill new zealand reseller news 28 march 2017 13 54 0 comments.