Nestle: IBM Food Trust Blockchain Set to Expand to New Suppliers, Consumers in 2019

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© Reuters.  Nestle: IBM Food Trust Blockchain Set to Expand to New Suppliers, Consumers in 2019© Reuters. Nestle: IBM Food Trust Blockchain Set to Expand to New Suppliers, Consumers in 2019

Swiss-headquartered food retail giant Nestle S.A. says that the blockchain-based IBM (NYSE:) Food Trust initiative — which counts major global retailers such as Walmart (NYSE:) and Unilever (LON:) as members— is gearing up to onboard new suppliers and retailers this year.

Benjamin Dubois, digital transformation manager of global supply chain at Nestle, spoke of the development in an interview with Swiss regional bilingual daily newspaper 24 heures on Jan. 28.

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