Dole Food Company, the world’s largest producer of fruits and vegetables, plans to increase the use of Blockchain technology in the future.
The 2020 Corporate Responsibility and Sustainability Report was recently published, stating that Dole’s goal will be to launch Blockchain product labeling and other traceability “advanced solutions” as an attempt to improve food security operations by 2025.
Blockchain technology continues to gain ground
Dole Food Company is an American multinational fruit company. The company is currently present in more than 90 countries with revenues of approximately 10 billion dollars.
In 2017 the company joins the IBM Food Trust program. However, the company has now informed that it intends to expand this initiative in the coming years.
It is important to note that Dole currently already tracks some of its products on the Blockchain. Without a doubt, that has drastically cut the time it takes to get the information on the fruit or vegetable, and all the way to the customer.
In this way, Blockchain technology has had an important growth in this sector since it plays a fundamental role at the time of a withdrawal from the market due to the discovery of a source of contaminated food.
This is precisely what Dole Food has noted when pointing out that “Products that have been registered through the blockchain can be tracked instantly through the supply chain, giving confidence to retailers and consumers in the event of a recall.”
“Blockchain reduces the average time required for food security investigations from weeks to seconds.”
He points to the Dole Food Comapny report.
So the report outlines a system-wide redesign of how the company tracks its food by 2025. The main goal now is to improve the speed with which they can identify trouble spots.
In this way, Dole plans to eventually allow customers to access information on the products they purchase. This is important since it is currently only available to retail partners.
Blockchain succeeds in food traceability
The fact that Dole uses Blockchain technology shouldn’t surprise us. The Blockchain has found its biggest use case in food tracking, with more than 170 companies in the IBM Food Trust.
And it is that the Blockchain presents a solution to a life or death situation, while reducing the amount of money and food wasted for the companies that implement it.
Some of the best-known use cases are Nestlé and Raw Seafoods along with retail giants like Walmart.
Also, according to Gartner, by 2023, they expect 30% of manufacturing companies to have implemented projects that take advantage of technology.