In early 2017, food giants like Wal-Mart, Nestlé, and Unilever (among others) collaborated with IBM to apply blockchains to global food supply chains. On this platform, IBM will offer Blockchain-as-a-Service (BaaS) to build and participate in a private blockchain network spanning the entire global food supply chain. Food growers, distributors, suppliers, processors, retailers, regulators, and consumers themselves will have access to data on origin and transaction history of food products worldwide. According to IBM, investing in such a platform would enhance traceability and accountability among stakeholders. It was highlighted in a Forbes Report that by conventional methods Walmart took in 6 days, 18 hours, and 26 minutes to trace the exact farm location of mangoes. Using blockchain, the same task was completed in under 3 second.
The structure described below allows us to unite in a continuous chain all participants in the wine production process to gather information at each stage. For each participant network infrastructure is created that includes:
Our Blockchain Development solution can implement ERC-20 together with ERC-721 standard used for exchangeable, non-fungible token and digital asset ownership. ERC-721 defines a minimum interface a smart contract must implement to allow unique tokens to be managed, owned, and traded. ERC-20 can create the TOKEN for transactions of exchange.
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