Norwegian Seafood Giant Joins IBM Food Trust Blockchain Network for Better Traceability
Norwegian seafood producer Kvarøy Arctic today announced that it had joined IBM’s blockchain-based Food Trust. In a bid to leverage the benefits of distributed ledger technology (DLT) to enhance the transparency of its supply chain, Norway-based seafood producer Kvarøy Arctic has joined the IBM Food Trust.
For the uninitiated, the IBM Food Trust wants to mitigate rampant frauds and mislabelling practices in the food supply chain space. Joining IBM’s Food Trust allows various stakeholders along the supply chain, including Kvarøy Arctic’s corporate customers – such as the Whole Foods Market stores across the U.S. and Canada – and several restaurants to track the entire history of the fish by scanning a QR code.