Nestle to pilot open blockchain platform with milk, palm oil

摘要

Nestle is taking steps toward full transparency through a new collaboration with OpenSC, a blockchain platform that allows for the tracking of food back to its source. Blockchain is a distributed database of digital records that allows information to be accessed but not copied or modified. Each record, or block, contains a time stamp and is linked to the block before it. As more data is added, the blocks form a chain. The technology is resistant to hacking or altering because information is not stored in a central location. OpenSC has used the technology to develop a platform that gives consumers access to independently verifiable sustainability and supply chain data. Nestle's pilot program will trace milk from farms and producers in New Zealand to its manufacturing plants and warehouses in the Middle East. The company said it plans to expand its use of the technology to palm oil sourced in the Americas.