Milk will be traced through an initial blockchain technology-based pilot program. It will be traced from New Zealand-based farms & producers to Middle East-based Nestlé factories & warehouses. American palm oil can be used for testing the technology. Scalability of the system can be understood. Transparency can be provided.
Nestlé S.A. is a Swiss multinational food and drink company who has made a partnership with a blockchain platform called OpenSC for the pilot.
The Executive Vice President (EVP), the Head of Operations, Nestlé S.A. Magdi Batato said, “We want our consumers to make an informed decision on their choice of products – to choose products produced responsibly. Open blockchain technology might allow us to share reliable information with consumers in an accessible way.”
The Swiss multinational food and drink company Nestlé S.A. is recognized as the second-largest Swiss company. 1866 is the year when the company was founded. It is headquartered in Vevey, Vaud, Switzerland. Henri Nestlé is the founder of the company. While Ulf Mark Schneider is the Chief Executive Officer (CEO) and Paul Bulcke is the Chairman of the company. Baby food, medical food, bottled water, breakfast cereals, coffee and tea, confectionery, dairy products, ice cream, etc. are the products of the company. Its business is expanded into more than 100 countries. It has 323,000 employees in the year 2017, according to Nestlé S.A. Wikipedia page. An aim of the company is to improve the quality of life. Providing contributions to a healthier future is one more aim, according to the official LinkedIn account of Nestlé.
The Executive Vice President (EVP), the Head of Operations, Nestlé S.A. Magdi Batato started his career in BG Consulting Engineers in the year 1989. He completed his Bachelor and Ph.D. from a Switzerland-based research institute & university called the Ecole Polytechnique fédérale de Lausanne (EPFL), the official website of Nestle reported.
An Australia-based nonprofit organization called the World Wildlife Fund-Australia (WWF-Australia) and a corporate investment & incubation firm called the Boston Consulting Group (BCG) Digital Ventures established the blockchain technology platform OpenSC. A platform was developed through OpenSC. Supply chain data can be accessed from any of the regions around the world through the platform, the official website of Nestle reported.
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