Blockchain-ing Our Way to a Stronger Supply Chain
What also makes this pilot interesting is that Tyson Ventures recently made an investment in FoodLogiQ as part of the company’s recent financing. Tyson Ventures makes investments based on the core pillars of Sustainability and the Internet of Food, which includes a focus on leveraging technology to enhance traceability in the supply chain.
As a global leader in food, it is our responsibility to explore the most efficient means of production that also enhance the safety of our products. Today, Tyson does an outstanding job of tracking animals and products as they move through our network of farms, processing facilities and distribution centers. Blockchain may provide a mechanism for Tyson to enhance those capabilities, and facilitate a portal for Tyson to communicate data with our customers as products leave our system and enter their supply chains.
So, what does it mean that the largest food company in the United States is committing time and resources to blockchain in supply chain? Time will tell how and when blockchain supply chain technology makes its impact most felt. We believe that Tyson can always make improvements to its systems and participating in this pilot will provide another lens into that enhancement as we work every day to raise the world’s expectations for the good that food can do.
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