IBM's Food Trust blockchain platform launches in Australia

Thomas Foods International and Drakes Supermarket have signed on as members to the blockchain-based food ecosystem solution, IBM Food Trust™.
The successful pilot can trace the entire lifecycle of a food product, from region to plate, and update the record in real-time.The pilot involved tracing the origin of a piece of steak back to one of four individual farms.
IBM Food Trust uses blockchain technology to enable participating retailers, suppliers and growers to collaborate based on a shared view of food ecosystem data to enable greater traceability, transparency and efficiency.
Thomas Foods International (TFI) and Drakes Supermarket have been testing IBM Food Trust for the past three months to deliver improvements in day-to-day operational efficiencies. By removing data silos within the organisations and enabling a high level of data granularity, the pilot has enabled data to be shared across organisations.
TFI and Drakes are able to upload data into a shared platform and the life-cycle of the products being traced has been mapped across the organisations, allowing a product to be tracked as it moves through the supply chain.
IBM Food Trust members contribute data to the network. Participants such as TFI can upload their data and share with other organisations within their ecosystem. Organisations within the same supply chain can leverage the information of the partners to establish a single, shared version of truth.
“By maintaining the individual data relating to each product instead of moving to data about grouped products, we are achieving a greater understanding of how each food item is moving through the supply chain. This added level of transparency and verifiability will reinforce customers’ and consumers’ confidence in the provenance of our product and is made possible by blockchain technology,” Simon Tamke from Thomas Foods International said.
“We see blockchain as a potentially game-changing technology for food traceability. Drakes and Thomas Foods have demonstrated how different players in a single supply chain can securely share data and key events, bridging organisational boundaries for the good of both consumers and the benefit of their own business processes. We expect to see more of this collaboration in the coming year, with groups of partners working together for the benefit of the entire food industry,” Rupert Colchester, Head of Blockchain at IBM Australia and New Zealand, said.
“Transparency and traceability are the key to many industries now, and none more so than in the critical issues of food safety and provenance,” he added.
Tim Catwright from Drakes Supermarket said: “The greater level of granularity since adopting IBM Food Trust has enabled the traceability of a food package across the supply chain, reducing the time required to identify the origin of a product from days to just seconds.”

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