Alibaba harnesses blockchain technology, combats food counterfeiting
Date: 2018-05-01   Author: Shikha Sinha  Category: #technology

Alibaba harnesses blockchain technology, combats food counterfeiting

In what may be touted as a move to improve the supply chain integrity and authenticity of food products, Alibaba has announced its latest blockchain technology initiative in the food sector. The project, which is a part of the retail giant’s Food Trust Framework Initiative, will deploy blockchain technology to enhance the transparency of New Zealand and Australian food products sold on its Tmall online platform.

For the uninitiated, The Food Trust Framework aims at enhancing consumer confidence regarding the transparency of cross-border trade across Alibaba’s Tmall platform. The pilot, unveiled in Auckland last week, will include tagging of products with unique QR codes and blockchain technology, to verify, authenticate and facilitate accurate reporting of products during the course of shipping.

Allegedly, the trial program will witness the participation of Blackmores, the renowned Australian vitamin brand and Fonterra, the New Zealand based dairy group along with New Zealand Post and Australia Post. Blackmores’ odorless fish oil and Fonterra’s Anchor dairy brands will be the initial products to be tested on the network. If successful, the model will be rolled out globally.

For the record, the pilot program also involves PwC as an advisor. The professional services firm has been quoted stating that almost 40% of the food companies find it difficult to detect food fraud with current strategies. It also stated that 39% of the firms claim their products susceptible to forging. 

Commenting on the gravity of Food Fraud scenario, Alvin Liu, GM – Tmall Import & Export, said that Alibaba, in response to the increasing complexity of supply chains, has created a world-leading, coordinated, and robust framework, that comprises stakeholders throughout the supply chain, to improve the visibility and augment the confidence of consumers and merchants.

The initiative, as speculated by industry experts, resembles the move by For the uninitiated, Alibaba’s biggest competitor and the acclaimed e-commerce company, last year collaborated with IBM, Tsinghua University National Engineering Laboratory for E-Commerce Technologies, and Walmart to launch Food Safety Alliance based on blockchain network.

Reportedly, last month, also collaborated with InterAgri, Australia based meat merchandizing company, to track meat traded to China.

About Author

Shikha Sinha

Shikha Sinha

Shikha currently manages the content team at AlgosOnline. An electrical & electronics engineer by education, she has prior experience in content & technology writing, content marketing, market research, and business development domains. Her other interests inc...

Read More

More from Shikha

Post Recommendents

Video Surveillance Equipment Technology Market Size & Share to See Modest Growth Through 2023
Author: Partha Ray

' Video Surveillance Equipment Technology Market forecast report now available with Market Study Report encompasses an exhaustive study of this business space with regards to pivotal industry drivers, market share analysis, and the latest trends c...

Energy-as-a-Service (EaaS) Market Size & Share to See Modest Growth Through 2023
Author: Partha Ray

Global Energy-as-a-Service (EaaS) Market Report is a systematically conducted exhaustive study of the Global Energy-as-a-Service (EaaS) market. The aim of the Global Energy-as-a-Service (EaaS) Market report is to assist novice as well as seeded pl...

Smart Highway Construction Market Forecast to 2023: Top Companies, Growth Factors and Trend Forecast to 2023
Author: Partha Ray

The report Smart Highway Construction Market Research highlights key dynamics of Global Smart Highway Construction sector. The potential of the Smart Highway Construction Market has been investigated along with the key challenges. The current Mark...