IBM joins hands with Spanish Seafood company For Supply Chain Tracking


IBM
has announced that it has joined hands with Nueva Pescanova Group, a Spanish
multinational seafood giant, to trace the shrimp and prawns it fishes on the blockchain.
In addition, it has planned to design a food trust platform based on the
distributed ledger technology for supply chain traceability.
Details Of The IBM Partnership With
Nueva Pescanova leading multinational seafood firms
Nueva
Pescanova Group is one of the leading multinational seafood firms founded in
1960 that covers the cultivation, production, processing, and distribution of
seafood. The CEO of the Nueva Pescanova Group, Ignacio González has stated that
this traceability platform will help meet the United Nation’s Global Dialogue
on Seafood Traceability (DGST) standards. He also said that they want their
customers to know more about their seafood products and traceability wherever
they went and transported starting from the origin until it reached their
tables.
Handling The Sustainability And
Safety By The IBM Food Trust Network
The
IBM’s Food Trust traceability platform allows members of the network to view
the live statistics of the supply chain products, which helps in significant
energy savings to producers. In addition, it reduces the risks and fraud that
happen in the global market. This also ensures that safety and sustainability
are met.
In
a 2020 European food Sustainability study, 50% of people would buy seafood if
they trust and have more information on the origin, safety, and production of
the seafood products. The partnership also adds the list of food and
agricultural firms for blockchain supply solutions. For example, Carrefour, a
multinational retail giant, has partnered with IBM to track the supply chain of
chicken and microgreens. Also, Nestle, Dole, and olive oil giant CHO were
already leveraging the IBM Food Trust Network.

Vandana Mrigwani
CBW - External Analyst
INDIA