Nestlé, the largest food company in the world, announced in a press release yesterday that the company will monitor its supply chain of products using blockchain technology. A blockchain pilot will be launched in January together with OpenSC. OpenSC is a blockchain designed by the World Wildlife Fund Australia and BCG Digital Ventures.
Magdi Batato, Executive Vice President and Head of Operations at Nestlè, announces the following in the press release:
We want our customers to make a well-informed choice when they choose a product – that they choose responsibly. Open blockchain technology may enable us to share reliable information with customers in an accessible manner.
In its own words, Nestlé will be the first major food company to roll out a pilot of this size. Initially, milk will be traced in the pilot, from the production facilities in New Zealand to the factories and storage in the Middle East. Later Nestlé will also follow palm oil, which is manufactured in America.