Thelasko shares a report from CNBC: IBM has been joined by a group of global food giants including the likes of Nestle, Unilever and Walmart in an effort to reduce food contamination by using blockchain. The corporation announced Tuesday that it would enable global food businesses to use its blockchain network to trace the source of contaminated produce. IBM said that the problem of consumer health suffering at the hands of toxic food could be solved using its distributed ledger technology, which maintains a digital record of transactions rather than a physical one. It would enable food suppliers to source information about the origin, condition and movement of food, and to trace contaminated produce in mere seconds.
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