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Auchan, a global retail giant, is ready to take its new blockchain solution, TE-FOOD, which can be used to track food along its supply chain, in five new countries. The initiative is an effort to make the transparency of products sold by the company more transparent.
The company, which is based in France, currently has the 13th largest retail operation of food products in the world and works in 17 countries. At this moment, the countries that will receive this new solution are Portugal, France, Italy, Spain and Senegal.
FoodChain technology
The solution created by Auchan is called TE-FOOD and is based on the FoodChain technology, an international traceability log. The first country in which the technology was tested was Vietnam, an important market for FoodChain. The solution was deemed appropriate and now the other five countries will do it.
One of the main advantages of using a system like this is that it uses the immutable ledger of blockchain technology to tell the whole story of a product that can be read by anyone with the app. and a smartphone.
Users will be able to scan the QR code of the products and check all the chronology of the product from its cultivation until it arrives in the supermarket. The data, as stored in the blockchain, can be considered authentic because they must be set in specific parts of the process and can not be changed.
At the moment, TE-FOOD is the largest food monitoring solution ever made in Vietnam, which has transformed the pilot test of the product into a huge success with the number of over 6,000 customers. Food industry giants like AEON, Lotte Mart, CP Group and others are company customers in the country and use its technology on their products.
Companies make a similar move
Several companies around the world follow the trend of tracing food. Another French company, this even more famous, Carrefour, revealed that he was using the Hyperledger Fabric blockchain to implement food tracking. The focus would be on tracing poultry products in Spain, but the company was already thinking about other markets.
In the United States, retail giant Walmart announced that it would begin tracking down leafy greens on their way to their customers' tables. Even the initiative has just begun, but has the potential to become one of the largest in the world.
Experts believe that the chances that the retail industry will be helped by the blockchain in the next few years are very high and that this technology will be of great help to overcome many challenges.
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