Food Traceability on Blockchain: Walmart’s Pork and Mango Pilots with IBM

Kamath, Reshma

doi:10.31585/jbba-1-1-(10)2018

Cited by 324 publications

(183 citation statements)

References 3 publications

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“…IBM creates a ''Food Trust Blockchain'' including nine partners such as Nestle´and Dole. Also, in response to worldwide food contamination outbreaks, retail giant Walmart is tackling food safety in the supply chain using blockchain technology (Kamath 2018).…”

Section: Enterprise Use Case and Implicationsmentioning

confidence: 99%

How Will Blockchain Technology Impact Auditing and Accounting: Permissionless versus Permissioned Blockchain

Liu

2019

Current Issues in Auditing

178

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Blockchain offers a drastically new way to record, process, and store financial transactions and information, and has the potential to fundamentally change the landscape of the accounting profession and reshape the business ecosystem. In this article, we introduce two types (i.e., permissionless and permissioned) of blockchain and lay out their technological features. We further discuss implications of blockchain to auditing and elaborate on opportunities and challenges of the two types of blockchain to auditors. We conclude by making specific recommendations for auditors to adapt, adjust, and elevate themselves to the role of strategic partners in blockchain implementation. JEL Classifications: M15; M41; M42; O14; O33; O55.

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Section: Enterprise Use Case and Implicationsmentioning

confidence: 99%

How Will Blockchain Technology Impact Auditing and Accounting: Permissionless versus Permissioned Blockchain

Liu

2019

Current Issues in Auditing

178

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“…Collecting such data for all products can be very costly, but it can be done on samples. The transparence of such information can help detect, e.g., the containment of undeclared meat like happened in the 2013 horse meat scandal in Europe (Kamath, 2018;Montecchi et al, 2019).…”

Section: Food Supply Chainmentioning

confidence: 99%

Blockchain Technology for Agriculture: Applications and Rationale

et al. 2020

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The blockchain is a ledger of accounts and transactions that are written and stored by all participants. It promises a reliable source of truth about the state of farms, inventories and contracts in agriculture, where the collection of such information is often incredibly costly. The blockchain technology can track the provenance of food and thus helps create trustworthy food supply chains and build trust between producers and consumers. As a trusted way of storing data, it facilitates the use of data-driven technologies to make farming smarter. In addition, jointly used with smart contracts, it allows timely payments between stakeholders that can be triggered by data changes appearing in the blockchain This article examines the applications of blockchain technology in food supply chains, agricultural insurance, smart farming, transactions of agricultural products for both theoretical and practical perspectives. We also discuss the challenges of recording transactions made by smallholder farmers and creating the ecosystem for utilizing the blockchain technology in the food and agriculture sector.

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“…This information could include ownership, location, environmental impact, and time stamping data [41]. The technology could be used, for instance, in the context of food safety and traceability, where provenance information can be consulted in real-time by consumers and regulators [see 3,42]. Blockchain-based supply chains thus compete with other institutional governance systems (firms, markets and governments) to overcome information costs.…”

Section: Blockchain As An Institutional Technology For Supply Chain Imentioning

confidence: 99%

“…When the standardised shipping container was invented in the 1950s it didn't just made goods cheaper; it also altered trading patterns, opened up new trade networks, and made some traditional port infrastructure redundant [2]. In this paper we draw on the existing literature of blockchain-based supply chains [1,3] together with the emerging field of institutional cryptoeconomics [4][5][6] to ask the question: how might blockchain-based supply chain infrastructure change our global trade networks? We first model the incentives necessary for supply chain actors to implement and build this infrastructure, before making four predictions:…”

Section: Introductionmentioning

confidence: 99%

Blockchain and Supply Chains: V-form Organisations, Value Redistributions, De-commoditisation and Quality Proxies

Allen¹,

Berg²,

Markey‐Towler³

2019

The JBBA

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We apply institutional cryptoeconomics to the information problems in global trade, model the incentives under which blockchain-based supply chain infrastructure will be built, and make predictions about the future of supply chains. We argue blockchain will change the patterns and dynamics of how, where and what we trade by: (1) facilitating new forms of economic organisation governing supply chain coordination (such as the V-form organisation); (2) decreasing information asymmetries and shifting economic power towards the ends of supply chains (e.g. primary producers); (3) changing the dimensions along which we can reliably differentiate goods and therefore de-commoditising goods and disaggregating price signals; and (4) decreasing consumer reliance on quality proxies (e.g. production within national borders).

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Food Traceability on Blockchain: Walmart’s Pork and Mango Pilots with IBM

Cited by 324 publications

References 3 publications

How Will Blockchain Technology Impact Auditing and Accounting: Permissionless versus Permissioned Blockchain

How Will Blockchain Technology Impact Auditing and Accounting: Permissionless versus Permissioned Blockchain

Blockchain Technology for Agriculture: Applications and Rationale

Blockchain and Supply Chains: V-form Organisations, Value Redistributions, De-commoditisation and Quality Proxies

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