IBM Food Trust and Producers Market Will Join Forces to Upgrade Food Traceability and Safety

Producers Market has started a new partnership with IBM Food Trust. Now, the two companies will work together in order to use the blockchain technology to improve how food safety is made on a global scale.

According to Producers Markets members, the main goals are to improve food traceability, transparency and safety against contamination.

IBM Food Trust already works in this area for quite some time and now Producers Market, which is a global organization focused on helping agricultural producers and farmers to get more value out of their products using the aid of the technology, is set to do it too. The company intends to use the blockchain to track food and bring even more value to these producers.

According to the CEO of Producers Market, Keith Agoada, the core values of the group are transparency and helping agriculture producers to offer the best possible value to their end consumers. The CEO also affirmed that he was very enthusiastic with the new partnership and the technology that the company would be able to use.

The group believes that new global markets will be open to the associated members of the group now that it will use this new technology, which will improve the efficiency via this collaboration with IBM Food Trust.

About IBM Food Trust

This initiative from IBM, the IBM Food Trust, was created in order to leverage the blockchain technology in the food industry. Several companies in the world are already in partnership with the company to use its technology to track their products before they hit the stores.

With this tech, the members of the ecosystem can share data in a transparent way and be near the whole production and shipment process. At the moment, over five million transactions have been done so far.

With the partnership, the two companies believe that they will be able to increase their efficiency while tracking products tenfold.

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Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

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