Nestle Partners with Carrefour To Track Origin of Baby Milk Products Using Blockchain

According to the latest report, drinks and food giant Nestle has partnered with French supermarket chain Carrefour. Such a partnership aims to track the supply chain of baby milk products using blockchain.

By using blockchain, the firms intend to advance the confidence of consumers in the quality of products by ensuring more transparency in the entire supply chain of baby milk products.

Adopting blockchain to track supply chain

The firms utilize IBM Food trust’s technical solution that runs on the Hyperledger

Fabric blockchain framework. The use of the blockchain platform is reported to offer increased transparency on checks and origins of baby milk products across the supermarket chain stores in France.  

The blockchain platform is now live at Carrefour stores across France. Using IBM’s solution, customers will be able to access nutritional and other information regarding baby milk products by scanning a QR code via their smartphones.

Nowadays, several companies emphasize on food traceability as consumers are becoming more aware of the products they consume. Consumers want to know that the ingredients used are sustainably and ethically sourced.

Carrefour said, in a media announcement, that the application of blockchain creates transparency across the supply chain. This, therefore, enables the brand and consumers to build trust. Carrefour also mentioned that using blockchain highlights the know-how, expertise, and care taken to ensure the quality of the baby nutrition products is maintained.

As a component of its Act for Food program, the giant supermarket has committed to the extensive use of blockchain to its product lines. Carrefour has made this move to guarantee consumers complete transparency concerning the channels through which products have passed. 

Nature of the joint partnership

A new three-way partnership is created to build transparency for all within the food industry.

Baby milk products manufactured by Laboratoires Guigoz – the French unit of Nestle – now can be tracked using blockchain across all the retailers.  

Based on the partnership, Carrefour will lend its expertise as a blockchain adopter whereas Nestle will share production and supply chain data for Laboratoires Guigoz’s milk products.

Based on its role, Laboratoires Guigoz is once again proud to strengthen its close ties with consumers.

While Nestle is a founding member of the IBM Food Trust consortium, Carrefour joined the consortium soon afterward.

However, the two giant retailers are not new to using blockchain within their internal operations. In April 2019, Nestle and Carrefour started to apply IBM’s blockchain to trace the supply chain process of Mousline – a famous brand company of instant mashed potatoes.

 Image via Shutterstock

Nestle Rolls Out First NFTs in the Middle East & North Africa for a Humanitarian Cause

Nestle, a Swiss multinational food and drink processing conglomerate, has launched an exclusive limited series of two non-fungible tokens (NFTs) called TRIX Globe for a charitable cause in the Middle East & North Africa (MENA).

To commemorate the rollout of the TRIX Breakfast Cereal brand in MENA, Nestle released the NFTs on Opensea.io, with bidding running from March 18 to May 13. The proceeds will go to charity. 

Emilien Mesquida, the Business Executive Officer Cereal Partners Worldwide, Middle East & North Africa, said:

“In line with our promise for ‘Better Lives’, we are proud to launch the first blockchain-based initiative in the region aimed towards a humanitarian cause with full proceeds of the TRIX NFTs auction going to the Emirates Red Crescent.”

With TRIX being a heritage breakfast cereal brand intended to ‘put the fun back into breakfast,’ Nestle wants to become more innovative by incorporating NFTs.

Bahaa Boulmona, the Brand Manager Cereal Partners Worldwide, Middle East & North Africa, noted:

“We are excited to announce that TRIX® is the first and only breakfast cereal brand in the world to have launched its own NFT series – showcasing how daring and adaptable our brands are.” 

Despite NFTs being relatively new in the crypto space, it continues to take the world by storm based on the substantial trading volume and adoption witnessed.

For instance, market insight provider IntoTheBlock recently pointed out that the total volume traded by NFTs recently surpassed 18 million ETH, with the aggregate value topping $54 billion. 

Furthermore, the NFT trading volume grew exponentially from the start of the year, rising by more than 220%.

Therefore, more brands are jumping on the NFT bandwagon, for instance, South Korean auto giant Hyundai Motor became the first automaker to offer community-based non-fungible tokens. 

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