Switzerland’s largest supermarket chain and retailer, Migros is turning to blockchain to keep tabs on its supply chain for food.
Migros announced the implementation of TE-Food’s blockchain-based food traceability system, Aug. 29. Whilst many retailers are incorporating such systems to provide transparent information to customers, Migros is looking to the technology to optimize processes and provide greater value.
Optimization through deeper supply chain insight
According to the announcement, Migros expects the new initiative to provide more benefits than just offering transparency for customers. Rather, the supermarket expectst the new platform to deliver value by enabling easier product recalls and improved supply chain control for example.
The new supply chain optimization are also expected to lead to more efficient distribution and reduced food waste, in line with upcoming initiatives from the European Food Safety Authority.
Partnership extends existing traceability functions
The implementation of the TE-FOOD system to Migros’s fresh fruit and vegetable supply chains, will reportedly extend the functionality of its legacy systems.
Fresh food suppliers already had the possibility to input traceability data through a GS1 standards-based API. However, Migros looks to extend these capabilities through a business-to-business mobile and web app with file upload functionality.
The project is designed to be a purely internal process, and there is currently no scope for opening it up towards consumers.
TE-Food is one of a number of companies offering blockchain-based supply chain traceability services to the food industry.