Cloud Consulting Companies

  • BIG Data & Analytics
  • CLOUD
  • Data Center
  • IOT
  • Machine Learning & AI
  • SECURITY
  • Server
  • BlockChain
  • Virtualization
You are here: Home / BlockChain / Switzerland Retail Giant Adopts Blockchain Solution for Food Traceability

Switzerland Retail Giant Adopts Blockchain Solution for Food Traceability

August 30, 2019 by cbn Leave a Comment

Switzerland Retail Giant Adopts Blockchain Solution for Food Traceability

Migros, the largest retailer in Switzerland recently announced its plan to implement blockchain solutions for better traceability of fruits and vegetables.

Migros Implementing Blockchain Solution

Almost every industry finds Blockchain technology as an advanced methodology to fight for various issues prevailing in the respective industry. As such, Migros with a mission to bring safety and transparency in Switzerland’s food industry will implement blockchain technology solutions offered by TE-FOOD, a food traceability firm.

To make it clearer, the TE-FOOD isn’t a blockchain firm rather it offers blockchain solutions to its clients. However, Migros implementing TE-FOOD’s blockchain solution is particularly focused on perishable foods to enhance efficiency in the food industry. As the report suggests the industry is struggling to meet the global food demands which eventually causing the food contamination in Switzerland. The collaboration between TE-FOOD and Migros intends to provide high returns for Migros as well as its supply chain partners. As for TE-FOOD, the announcement states;

TE-FOOD is the world’s largest publicly accessible, farm-to-table food traceability solution. [It] serves over 6,000 business customers, and handles 400,000 business transactions each day.

As for now, the data will only be available for internal insights, unlike the open blockchain which brings transparency to the parties involved including customers in the case of Migros. On a similar concern, the announcement reads that Migros seeks to go beyond marketing benefits and add value to the overall supply chain by its product tracking system. The release further states that the giant wants to make product recalls easier, reduce food waster and build an instant distribution channel. The whole process will eventually be compliant to the upcoming initiative called, European Food Safety Authority’s (EFSA).

Migros is the biggest supermarket in Switzerland with over 100,000 employees and also counts as the largest private employer in the country. With blockchain-based traceability solution, Migros tend to adopt a revolutionary approach in the food industry.

The post Switzerland Retail Giant Adopts Blockchain Solution for Food Traceability appeared first on Coingape.

Share on FacebookShare on TwitterShare on LinkedinShare on Pinterest

Filed Under: BlockChain

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • March 2016
  • October 2014

Recent Posts

  • Try the Simplest Thing First to Address Hybrid Network Performance Issues
  • Try the Simplest Thing First to Address Hybrid Network Performance Issues
  • What Federal Privacy Policy Might Look Like If Passed
  • What Federal Privacy Policy Might Look Like If Passed
  • Agility in DevOps: What’s Holding Enterprises Back?

Recent Comments

  • Purefit Keto Reviews on Are PDUs Your Best Platform for DCIM Instrumentation?
  • https://gemcr.org/ on 10 Things You Should Know About Deep Learning

Categories

  • BIG Data & Analytics
  • BlockChain
  • CLOUD
  • Data Center
  • IOT
  • Machine Learning & AI
  • SECURITY
  • Server
  • Uncategorized
  • Virtualization

Categories

  • BIG Data & Analytics (1,777)
  • BlockChain (409)
  • CLOUD (3,013)
  • Data Center (649)
  • IOT (1,963)
  • Machine Learning & AI (87)
  • SECURITY (1,439)
  • Server (1)
  • Uncategorized (2,015)
  • Virtualization (331)

Subscribe Our Newsletter

 Subscribing I accept the privacy rules of this site

Copyright © 2022 · News Pro Theme on Genesis Framework · WordPress · Log in