Walmart & IBM Pilot Blockchain Experiment
Walmart announced a pilot to use blockchain technology to track shrimp imports from India to the USA.
The retail giant aims to track shrimp imports from Andhra Pradesh, a beautiful coastal region in southeastern India, and retail warehouses located in the U.S., using IBM-developed blockchain technology. It will feature "end-to-end traceability."
Only small-time farmers participating in Walmart's membership-only supermarket warehouse chain, Sam's Club will have access to the system. Sam's club food safety program requires compliance with global best practices in aquaculture (BAP). To receive BAP education as part of the scheme, Walmart will provide scholarships to smallholder farmers in Andhra Pradesh.
Together with U.S. supplier Stanley Pearlman Enterprises, Sandhya Aqua, an Indian seafood processor, is participating in the campaign.
Walmart has been partnering with the IBM Food Trust blockchain initiative since 2017. The latest project will operate on IBM's blockchain technology, previously used by the company for a platform designed to track supply chains in lettuce.
Walmart has attempted to license a digital currency separately. The coin, backed by a dollar fund, drew comparisons to the Libra crypto project from Facebook when it was revealed earlier this year.