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 HUS, 3 Deaths, 26 States E. coli 2006

• 210 people infected, reported from 36 states $$ • 96 people hospitalized, 27 people with kidney failure as of 8/10 • 5 deaths reported from Arkansas, California, Minnesota (2), and New York

Summer of Salmonella

Why a digital, transparent food system matters? f o o d b o r n e t r a c e a b i l i t y f o o d f r a u d i l l n e s s The cost of foodborne illness Inability to track & trace Food fraud incidents cost in the U.S. alone ranges from results in larger outbreaks & the industry $10-15 B $55 - $93 B implicates safe products annually f r e s h n e s s & r e g u l a t o r y f o o d w a s t e r e q u i r e m e n t s t r a n s p a r e n c y Leads to accountably, One -third of all food goes Food Safety Modernization responsibility, & TRUST . to waste. In the U.S., Act & enhanced record Consumers are demanding it. consumers throw away keeping requirements $29 B annually Source: WHO, Ohio State Study, Markets & Markets, Forbes

Farm to Store

Walmart IBM

2.2 Seconds instead of 7 Days

Beyond Traceability - Transparency

14 days 12

FARM TO STORE “FedEx Tracking of Food” This Photo by Unknown Author is licensed under CC BY-SA-NC Supplier Warehouse Farm Walmart Stores Walmart DC Time Temp LOCATION DAYS LEFT FARM 14 SUPPLIER DC 13 WALMART DC 9 STORE 8 13

Transparency Anonymity

SCALING TRUST in the food system with blockchain 11 25 MAJOR FOOD SKU’S BRANDS TRACKED 4M 266K FOOD TRACEABILITY PACKAGES EVENTS TRACKED 15

SCALING TRUST in the food system with blockchain Walmart Food Trace ceability Initiative: Fresh Leafy Greens Arugula Baby Leaf Butter Lettuce Cabbage Chard Endive Escarole Green Leaf Iceberg Lettuce Kale Red Leaf Romaine Spinach Spring Mix Lettuce Lettuce Lettuce Lettuce September 24 th 2018 September 30 th 2019 •Launched Requirements for •Compliance Date for End-to- Fresh Leafy Greens End Traceability January 31 st 2019 •Compliance Date for Direct Suppliers 16

FOCUS on the CUSTOMER

safe, affordable, & sustainable food, so people can live better. Global T rends in Walmart FOOD SAFETY