Swiss Giant Nestlé Wants Its “Gold Beans” on Blockchain

The Swiss food giant Nestlé is now also putting parts of its “gold beans” on the blockchain.

The Swiss food company Nestlé is expanding its blockchain involvement. From now on, products from the Swedish coffee brand Zoégas will be tracked via the food tracking network IBM Food Trust. This should guarantee, for example, the origin of the types of beans used. The project is carried out in partnership with the non-profit organization Rainforest Alliance.

“For the first time, Nestlé partnered with a third party certifier, The Rainforest Alliance, to independently provide data beyond what is usually disclosed by the company. The Rainforest Alliance provides their own certification information, guaranteeing the traceability of the coffee. This information is directly accessible to everyone with the IBM Food Trust blockchain platform.” Nestlé PR

Coffee is now one of the goods, the supply chains of which are relatively often monitored using blockchain technology. From India to Uganda, more and more coffee farmers are using decentralized technology to achieve fair prices for transparently produced coffee.

Author: Marko Vidrih

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