The Dole Food Company, the world’s largest producer of fruit and vegetables, plans to step up the use of blockchain technology in the future.
The Corporate Responsibility and Sustainability Report 2020 was recently published, stating that Dole’s goal will be to introduce blockchain product labeling and other “advanced solutions” for traceability to improve food security by 2025.
Blockchain technology continues to gain ground
Dole Food Company is an American multinational fruit company. The company currently has sales of approximately $ 10 billion in more than 90 countries.
In 2017, the company joined the IBM Food Trust program. However, the company has now announced that it intends to expand this initiative in the coming years.
It is important to note that Dole is already tracking some of its products on the blockchain. Without a doubt, this has dramatically reduced the time it takes to get information about fruits or vegetables and to the customer.
In this way, blockchain technology has seen significant growth in this sector as it plays a fundamental role at the time of withdrawal from the market due to the discovery of a source of contaminated food.
This is exactly what Dole Food noticed when he pointed it out “Products that have been registered via the blockchain can be tracked immediately along the supply chain, which gives retailers and consumers confidence in the event of a recall.”
“Blockchain reduces the average time spent on food security studies from weeks to seconds.”
He referred to the Dole Food Comapny report.
The report therefore describes a system-wide redesign of the way the company will track its food through 2025. The main goal now is to improve the speed with which they can identify problem areas.
In this way, Dole plans to ultimately give customers access to information about the products they have purchased. This is important as it is currently only available to trading partners.
Blockchain manages the traceability of food
The fact that Dole uses blockchain technology should come as no surprise to us. With more than 170 companies in the IBM Food Trust, the blockchain has found its greatest use in food tracking.
And the fact is that the blockchain is a solution to a life or death situation, while reducing the waste of money and food for the companies that implement it.
Some of the best known use cases are Nestlé and Raw Seafoods, as well as retail giants like Walmart.
According to Gartner, by 2023 they expect 30% of the manufacturing companies to have implemented projects that use the technology.