- IBM Food Trust will securely connect supply chain data across the ecosystem with trust and transparency
- The merger results are a customizable suite of solutions for increasing food safety and freshness and unlock supply chain efficiencies
- Blockchain technology makes it easier to keep a record of events along with the supply, processing, packaging, and distribution chain
On July 9, ORGANO, a company dealing in nutrition products and proprietary food, announced its blockchain enabled merger with IBM food trust. The alliance is meant to build verifiable trust into each product that ORGANO produces.
While announcing the platform, which is branded as ORGANO Products Trust, the news was accompanied by the introduction of the first batch of the top-5 most purchased ORGANO products from several product families for piloting, testing, and launching on the platform.
IBM betting on blockchain
The partnership of IBM Food Trust and ORGANO is projected to enable them to implement a strategy for traceability by creating a connection of participants across the food supply chain through a permanent way, permissions, and shared record of food system data. Such participants may include consumers, supply partners, distribution partners, as well as commerce partners.
The collaborative network set up between manufacturers and distributors will make sharing of essential product information safe and comfortable, which will benefit consumers. Therefore, consumers can now be in the know of the products’ nutritional properties as well as the potential presence of allergens and questionable ingredients.
The role of IBM Food Trust members will be to make sure that the information availed to the public is transparent and can be relied upon by the consumers.
Food Trust partners intend on working closely together to share their expertise, create a knock-on effect among suppliers, and provide consumers with guarantees about product origin and quality.
About IBM Food Trust
IBM is the first blockchain food safety solution that makes it possible for transaction partners to share food information confidently and securely, leading to a more transparent and trustworthy global food chain supply.
ORGANO is among the world’s number 1 proprietary food and nutrition products company, specializing in the production of specialty brewed beverages, cosmetics, and personal care products. ORGANO is currently in operation in six continents with headquarters in Richmond, British Columbia. Chin said:
“Treating trust as a product ingredient and prioritizing trust as highly as any other ingredient of our products creates new opportunities for ORGANO around the world,” said ORGANO Managing Director of Global Strategy, Leonard Chin. “Unlike other consumable product ingredients, trust does not have an expiry date. The ORGANO Products Trust platform allows our stakeholders to scan a product to interact with detailed information, including product source, quality assurance, logistics, inspection reports, supplier data, commerce platforms, and more. We are pioneering an entirely new relationship between our supply chain and consumers based on our new Vertical Markets EcoSystem Model.”