- Nestlé is adding milk and palm oil to their blockchain pilot.
- Rather than using IBM’s blockchain platform, Nestlé will be using OpenSC.
Nestlé has consistently spoken about being an innovator in the food and beverage company, holding a place as the first major company that has decided to use blockchain in a pilot for tracking. The new DLT company, as reported by The Next Web’s Hard Fork, is going to start off with tracing milk, following it from New Zealand to the factories and warehouses of Nestlé in the Middle East.
In a press release from Nestlé, a representative stated that this pilot is “another important step towards the full disclosure of our supply chains announced by Nestlé in February this year.” The representative added that their efforts are expected to encourage the rest of the industry to establish “responsible production.”
Though previous pilots by Nestlé have included the IBM Food Trust with IBM, this pilot is going to use OpenSC. OpenSC is a blockchain platform created by World Wildlife Fund (WWF) Australia in collaboration with The Boston Consulting Group Digital Ventures. With these pilots, Nestlé hopes to see how well OpenSC can scale to their needs. Palm oil sourced from the Americas is expected to be added to the blockchain later on.
Blockchain technology has continually grown as various industries find use cases for it, and one of the most dominant use cases has been in the mapping of supply routes. Auchan, Albert Heijn, and Carrefour – which are all supermarket chains in Europe – have found use in blockchain as they have shipped their produce with a QR code included. Carrefour has already expressed that 20% of their products should be found on a blockchain ledger by the end of next year.
Though Hard Fork has reached out to learn other details about this collaboration between Nestlé and OpenSC, no reply has been received yet.
[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.