The latest Gartner research has indicated that the move by major grocery chains towards using blockchain technology is continuing to gain ground.
Gartner, officially known as Gartner, Inc. is a global research and advisory firm providing insights, advice, and tools for leaders in IT, Finance, HR, Customer Service and Support, Legal and Compliance, Marketing, Sales, and Supply Chain functions across the world.
The research shows that 10% of the top 10 global grocers will use blockchain for food safety and traceability by 2025. Joanne Joilet, Gartner’s Senior Research Director commented:
“Blockchain can help deliver confidence to their customers, and build and retain trust and loyalty,” adding “Grocery retailers are trialing and looking to adopt the technology to provide transparency for their products. Additionally, understanding and pinpointing the product source quickly may be used internally, for example, to identify products included in a recall.”
As reported by BitcoinNews in 2018, US retail giant Walmart and French Supermarket Chain Carrefour have continued to be drivers of the move towards blockchain for supply chains and are setting standards for other companies to employ and further develop moving forward. Two other major grocery chains such as Unilever and Nestlé, are also using the technology to trace food contamination.
Carrefour extended its trials in French supermarkets from initially packaging poultry products to further inform customers on products using blockchain to tracking 20 out of its 300 Carrefour-branded products across the supply chain, with 40 more products planned this year.
With the grocery industry expected to set higher standards of visibility and traceability using technology, Joliet sees blockchain as moving far beyond its limited application within the grocery sector to “all areas of retail.”
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