The first batch of 23 product lines are live on the Walmart China Blockchain Traceability Platform.
Then in June this year, the global retailer announced the Walmart China Blockchain Traceability Platform, built on the VeChainThor Blockchain, which already includes 23 product lines that have been tested and launched on the Platform. The Platform is expected to scale by another 100 product lines by the end of 2019 covering more than 10 product categories including fresh meat product, rice, mushrooms, cooking oil, etc.
“Walmart’s blockchain foray in India will help seafood farmers in the region to strengthen the shrimp supply chain and reinforce customer trust in the product, helping promote India as a preferred source of seafood, while also enhancing food traceability and transparency for consumers in the US,” explained Livemint. The pilot supplements an extensive Sam’s Club food safety program that requires suppliers of seafood products to complete prevention-based certifications like Best Aquaculture Practice (BAP), an internationally recognized standard. To support smallholder farmers in Andhra Pradesh, Walmart Inc. provided funding for the BAP certification training, helping farmers access market opportunities they may not previously have had.
“The possibility of transforming the seafood community with blockchain technology exists and organizations need to do the work to test its potential to optimize supply chain processes,” said John Connelly, president of the National Fisheries Institute in the US. “As one of the most traded commodities in the world, seafood has a complex and wide-reaching supply chain, which makes testing and further developing technology-assisted traceability programs an important step. It is encouraging to see a retail leader like Walmart participate in seafood blockchain testing.”
“This end-to-end blockchain pilot is the first of its kind in India and has the potential to create long-term economic opportunity for the shrimp farming community in Andhra Pradesh, directly benefiting the farmers through new skills training and development," said Chowdary Kunam, managing director of Sandhya Aqua.