- The Swiss good giant, Nestle will be launching a new blockchain initiative to track supply chains.
- It will be in pilot phase for six months, in partnership with OpecSC, a blockchain platform.
Nestlé, the Swiss listed stock and largest food company by revenue, recently announced a pilot program to track its supply chains leveraging blockchain technology.
The food company has partnered with OpenSC, a blockchain platform, purportedly for the development of the distributed ledger system which will be completely separate from Nestlé’s ongoing arrangement with IBM Food Trust blockchain.
In terms of the pilot phase, it will be lasting some six months, and success will be determined by the “feasibility, viability and scalability of the system,” as well as how well the system verifies data, according to a Nestlé representative.
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