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Walmart, Kroger and others are looking to blockchain to help prevent the 48M annual food-borne illnesses in the US. Download this report for a full explainer. The global food chain is complex, bringing together farmers, warehousing, shipping companies, distributors, and grocers. Involving so many different parties also means involving many different types of record keeping methods, from Excel sheets to emails to paper printouts.

Therefore, brands may not be sure how to react when something goes wrong. Produce causes nearly half of the illnesses due to norovirus while poultry causes the most deaths mainly due to listeria and salmonella. When contamination breaks out in the face of unclear record-keeping, companies can take days or even weeks to trace can you buy bitcoin at walmart source of an infection and recall appropriate products. For example, in three people died and nearly fell ill after eating spinach contaminated with E.

Because the FDA could not be sure which bags of spinach contained the infection, it ultimately recommended that Americans avoid eating any fresh spinach. Blockchain acts as a public, decentralized ledger.

For a deeper dive into blockchain technology, check out our CB Insights blockchain explainer here. This could help increase consumer safety while limiting financial losses, as only the products directly impacted would need to be recalled. Food companies can attach connected IoT tags to shipments, with each shipment assigned a unique identification number. Employees can also enter an ID number to see real-time data on a product and its history — a significant improvement over calling up different parties, sending over documents between multiple people, etc.

Yum Brands, for example, ended up selling off its Chinese business in after KFC faced a series of food scandals. Walmart deemed its pork trial a success. Startups are working on new food and beverage products that will transform what we eat and drink.

Track food and beverage startups. While IBM may have the widest reach, early-stage startups have also emerged on the can you buy bitcoin at walmart, offering blockchain technology specifically for the food industry. These startups cater to food providers by promising them new ways to promote their products. Other startups focus can you buy bitcoin at walmart supporting small farmers by improving product traceability.

These are relatively small so far, and include:. The business can you buy bitcoin at walmart graph below highlights blockchain startups focused specifically on food and agriculture, as well as their investors. What is blockchain technology?

Track all the food startups in this brief and many more on our platform Startups are working on new food and beverage products that will transform what we eat and drink.

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