IBM has recently just released a new offering for its Blockchain medical IT solutions platform, made with collaborations with food providers, aimed at improving food safety and automated billing.
The tech giant has dubbed their product as the industry’s first enterprise-ready offering, which comes with complimentary support services allowed by a collaboration with the relevant parties aimed at integrating technology into the food supply chain as well as boost the workforce trained in using Blockchain, which is a decentralized ledger system that sees use in finance and healthcare.
The IBM Blockchain Platform is available via the company’s cloud, and was developed based on trials conducted with more than 400 organizations in a wide variety of fields including but not limited to financial services, logistics, retail and healthcare.
The platform is powered by IBM’s mainframe architecture, and includes features aimed at counteracting credential abuse and encryption theft. The platform is available for 50 cents/hr, which lets even smaller networks to take advantage of the platform.
The new functionality for the medical IT solutions service was announced via the company revealing a deal with a number of major food supply chain market players, such as Nestlé, Wal-Mart and Unilever. The partnership, as well as the offering, is aimed at identifying areas where the Blockchain can be used in order to help with tracing food products, which would be helpful if, for example, a contamination breaks out and the source needs to be identified as soon as possible.
Theoretically, the Blockchain would grant all the relevant parties in the chain permissioned access to the secure information regarding the food supply involved in a particular business transaction.
According to IBM, this would allow providers and other members of the chain to trace any contaminated/defunct products to its source in the minimal amount of time necessary, ensuring consumer safety, preventing outbreaks and maximizing profits.
IBM has stated that it has already completed parallel trials in China and the US with the help of Wal-Mart, demonstrated by the tracking of the product from its passing from the farm into the retail shelves, with the needed data available in seconds, rather than the usual days or weeks necessary.