IBM Food Trust and Blockchain
Launched in October 2018, the IBM Food Trust is a highly secure digital ledger that utilizes blockchain technology to connect every member of the food supply chain through accurate, shared information. It’s the first and only network of its kind—and within five years, it has the potential to transform our food ecosystem. IBM researchers are also working on taking blockchain to the next level by combining it with IoT sensors and AI algorithms, making seed-to-plate food tracking more accurate and reliable. In the near future, When linked to the blockchain via the IBM Food Trust, these sensors could allow everyone from farmers and shippers to food-packers and grocers to know exact, real-time inventory counts. So if carrots are flying off the shelf in Minnesota, a shipper in California could know about it immediately and send more on their way. AI algorithms could also learn from the enormous mass of data flowing through the system to predict consumer demand, optimizing estimates for the retailer and automatically placing shipment orders at each location in the supply chain.
The blockchain and the IBM Food Trust will bring far greater precision to an inexact science, by minimizing the guesswork involved in planting and harvesting food. With these tools, we can look forward to a future when nothing goes to waste on our plates.