CHO, one of the largest olive oil producers in the southern Mediterranean, announced on Jan. 14 that it is using IBM’s blockchain technology to provide traceability for its Terra Delyssa extra virgin olive oil. The company is the latest major food provider to join IBM’S Food Trust Network.
Utilizing blockchain allows CHO to track Terra Delyssa across eight quality assurance checkpoints, including the orchard where the olives were grown, the mill where olives were crushed, and the facilities where the oil was filtered, bottled and distributed.
Vice president of IBM Blockchain Supply Chain Solutions Ramesh Gopinath told Cointelegraph that using blockchain technology creates a verifiable record of where each bottle of CHO olive oil was produced, along with keeping track of the methods used. Gopinath explained:
“The best part of the IBM Food Trust network is its ability to connect members of the supply chain together, like the end consumer with the farmer. CHO has done just this, as every entity involved can share data, which not only provides traceability and food information, but also shows where food trust is heading in general.”
Blockchain provides an extra layer of…
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Author: Rachel Wolfson