Nestlé Announces Plan To Test Open Blockchain Technology

Nestlé has announced that it will launch a pilot project in association with OpenSC to implement open blockchain technology for tracing the origin of its products.

OpenSC is a blockchain-based, food-tracking platform developed by WWF-Australia and The Boston Consulting Group Digital Ventures.

The test project will be implemented to trace the journey of milk from farms and producers in New Zealand to Nestlé factories and warehouses in the Middle East.

In the next phase, the food and beverage giant will test the technology on palm oil sourced in the Americas.

ESM