Companies
IBM Food Trust
operates a blockchain-based food-traceability network adopted by major supermarkets and consumer-goods companies, cutting product trace time from days of manual phone-call and paperwork tracing to under two seconds in a major retailer deployment.
- Country
- United States
Commercial
Coverage
| CN | EU | IN | US | |
|---|---|---|---|---|
| logistics-supply-chain | ✓ | ✓ | ✓ | ✓ |
Regulatorsusda-aphisefsa
Verifiable facts
| Fact | Value | Source |
|---|---|---|
| Funding | The network is a commercialized solution offered by IBM; specific venture-style funding rounds for IBM Food Trust itself are not publicly reported as it is a product within IBM. | filecache.mediaroom.com · prnewswire.com |
| Capacity | Production capacity is defined by the network's scalability, with the system having tracked millions of individual food products and supported over 4 million transactions on the blockchain as of December 2018. | computerworld.com · prnewswire.com |
| Certification | IBM Food Trust includes a certifications module that allows users to digitize, manage, and verify food provenance certificates, such as organic or fair trade. | filecache.mediaroom.com · computerworld.com · prnewswire.com |
| Regulatory approval | IBM Food Trust provides solutions to help companies comply with regulatory requirements, specifically the FDA's FSMA 204 Food Traceability Rule. | newsroom.ibm.com |
| Production site | IBM Food Trust operates as a cloud-based network on the IBM Cloud and is not associated with physical manufacturing production sites. | computerworld.com · prnewswire.com |
| Headcount | IBM Food Trust is a product line within IBM; specific headcount dedicated solely to this service is not publicly reported. | newsroom.ibm.com · www-api.ibm.com · ibm.com · sec.gov |
| Revenue | Revenue data for IBM Food Trust specifically is not publicly disclosed, as IBM reports financial results by segments (Software, Consulting, Infrastructure, Financing). | newsroom.ibm.com · www-api.ibm.com · ibm.com · sec.gov |
Independent sources: computerworld.com · filecache.mediaroom.com · ibm.com · newsroom.ibm.com · prnewswire.com · sec.gov · www-api.ibm.com
Technologies
| Name | Cluster | Risk | |
|---|---|---|---|
| Digital supply chains in the bioeconomy | logistics-supply-chain | Low | → |
Compiled by BIOECON from primary sources.
Compliance
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