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A New Era of
Food Transparency
Powered by Blockchain
Tejas Bhatt
- Sr. Director
Food Safety Innovations
1980s 2000s 15,000 50,000 2020s
e n d l e s s s h e l f
Food Transparency Powered by Blockchain Walmart Tejas Bhatt Sr. - - PowerPoint PPT Presentation
Food Transparency Powered by Blockchain Walmart Tejas Bhatt Sr. - - PowerPoint PPT Presentation
A New Era of Food Transparency Powered by Blockchain Walmart Tejas Bhatt Sr. Director Food Safety Innovations f l Food System is e h s s s e Changing l d n e 50,000 15,000 1980s 2000s 2020s Spinach Outbreak 199 Cases, 31
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- E. coli
199 Cases, 31 HUS, 3 Deaths, 26 States
Spinach Outbreak
2006
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- 210 people infected, reported from 36
states
- 96 people hospitalized, 27 people with
kidney failure
- 5 deaths reported from Arkansas, California,
Minnesota (2), and New York
$$
as of 8/10
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Summer of Salmonella
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Source: WHO, Ohio State Study, Markets & Markets, Forbes
The cost of foodborne illness in the U.S. alone ranges from $55 - $93 B
f o o d b o r n e i l l n e s s
Inability to track & trace results in larger outbreaks & implicates safe products
t r a c e a b i l i t y
Food fraud incidents cost the industry $10-15 B annually
f o o d f r a u d
Food Safety Modernization Act & enhanced record keeping requirements
r e g u l a t o r y r e q u i r e m e n t s
One -third of all food goes to waste. In the U.S., consumers throw away $29 B annually
f r e s h n e s s & f o o d w a s t e
Leads to accountably, responsibility, & TRUST. Consumers are demanding it.
Why a digital, transparent food system matters?
t r a n s p a r e n c y
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Farm to Store
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Walmart IBM
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2.2 Seconds instead of 7 Days
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Beyond Traceability - Transparency
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12
14 days
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13
FARM TO STORE
“FedEx Tracking of Food”
Farm Supplier Warehouse
LOCATION DAYS LEFT FARM 14 SUPPLIER DC 13 WALMART DC 9 STORE 8
Walmart DC
Time Temp
Walmart Stores
This Photo by Unknown Author is licensed under CC BY-SA-NC
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Transparency Anonymity
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15
SCALING TRUST
in the food system with blockchain
11
MAJOR BRANDS
25
FOOD SKU’S TRACKED
4M
FOOD PACKAGES TRACKED
266K
TRACEABILITY EVENTS
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16
SCALING TRUST
in the food system with blockchain
September 24th 2018
- Launched Requirements for
Fresh Leafy Greens
January 31st 2019
- Compliance Date for Direct
Suppliers
September 30th 2019
- Compliance Date for End-to-
End Traceability
Arugula Baby Leaf Lettuce Butter Lettuce Cabbage Chard Endive Escarole Green Leaf Lettuce Iceberg Lettuce Kale Red Leaf Lettuce Romaine Lettuce Spinach Spring Mix
Walmart Food Trace ceability Initiative: Fresh Leafy Greens
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FOCUS on the CUSTOMER
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Global T rends in
FOOD SAFETY