Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Largest Swiss supermarket chain incorporates blockchain-based food traceability system using TE-Food’s platform.
Switzerland’s largest supermarket chain and retailer, Migros, is turning to blockchain to keep tabs on its supply chain for food.
Migros announced the implementation of TE-Food’s blockchain-based food traceability system, Aug. 29. Whilst many retailers are incorporating such systems to provide transparent information to customers, Migros is looking to the technology to optimize processes and provide greater value.
Optimization through deeper supply chain insight
According to the announcement, Migros expects the new initiative to provide more benefits than just offering transparency for customers. Rather, the supermarket expects the new platform to deliver value by enabling easier product recalls and improved supply chain control for example.
The new supply chain optimization is also expected to lead to more efficient distribution and reduced food waste, in line with upcoming initiatives from the European Food Safety Authority.
Partnership extends existing traceability functions
The implementation of the TE-FOOD system to Migros’s fresh fruit and vegetable supply chains will reportedly extend the functionality of its legacy systems.
Fresh food suppliers already had the possibility to input traceability data through a GS1 standards-based API. However, Migros looks to extend these capabilities through a business-to-business mobile and web app with file upload functionality.
The project is designed to be a purely internal process, and there is currently no scope for opening it up towards consumers.
TE-Food is one of a number of companies offering blockchain-based supply chain traceability services to the food industry.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.