Topco Associates, the largest American food retail chain, has announced plans to use Mastercard’s blockchain solution to track supply Chains.
According to the press release, Topco will test the Wholechain platform developed by the logistics company Envisible using the Mastercard Provenance blockchain solution. With the help of blockchain, the retail network will track the supply of meat and seafood.
“Consumers have the right to expect reliable information about the food they eat. We are excited to work with Food City and Envisible to test the food supply chain tracking solution and expect a lot from the Wholechain platform,” said Topco Vice President Scott Caro.
The payment company Mastercard has already registered more than 100 patents in the field of blockchain. The Mastercard Provenance solution offers a high-throughput, secure, and confidential transaction registry that is protected from unauthorized access.
Blockchain is increasingly being used to track food deliveries. Recently, the retail chain Walmart announced a partnership with IBM to track the supply of shrimp from the Indian region of Andhra Pradesh, and in South Korea, the blockchain will be used to track the supply of products for school Lunches.