The world’s largest food manufacturer Nestle is investing in supply chain transparency through a collaboration with OpenSC, a blockchain platform that allows consumers to track their food back to its source.
The company, also Australia’s largest food manufacturer with six factories, is the first major food and beverage company to pilot open blockchain technology.
Founded by WWF-Australia and The Boston Consulting Group Digital Ventures, the OpenSC platform provides access to independently verifiable sustainability and supply chain data.
The pilot program will trace milk from farms in New Zealand to Nestle factories and warehouses in the Middle East.
Later, the technology will trace palm oil sourced in the Americas.
Nestle S.A.’s global head of operations Magdi Batato said: “We want our consumers to make an informed decision on their choice of products – to choose products produced responsibly.
“Open blockchain technology might allow us to share reliable information with consumers in an accessible way.”
Nestle has piloted blockchain technology since 2017, most prominently with IBM Food Trust.
Nestle’s six factories in Australia produce a wide rage of products including instant coffee, dairy and oat and cereal products, convenience foods, pet foods and confectionery.
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