cryptodailytrading.com

Nestle Trials Blockchain: Customers Can Now Access Mousline Purée on IBM’s DLT

  • Yuri Molchan
    📰 News

    Food giant Nestle along with the Carrefour chain have allowed their customers to watch the delivery of Mousline purée from the factory to shops via IBM’s blockchain


Nestle Trials Blockchain: Customers Can Now Access Mousline Purée on IBM’s DLT
You may also like:
Contents

On Monday, April 15, Nestle and the Carrefour chain store announced on Nestle’s website that from now on their customers can see data regarding Mousline purée via blockchain.

Never before had the Nestle company shared data on its produce with retail buyers via an open ledger.

Access via a smartphone

Fans of Nestle’s puree who buy it in Carrefour stores in the northern part of France can now easily access the blockchain data using their smartphones. The food giant and the chain store allow them to trace back the whole process of delivering purées to warehouses and then to the shops, to see how long they were stored.


Besides, by scanning a QR code on the packaging, consumers can check the info regarding the farms where the potatoes for Mousline were bought and the puree was made.

👉MUST READ Forbes: Binance’s CZ Threatens to Anathematize Craig Wright’s Bitcoin SV
Forbes: Binance’s CZ Threatens to Anathematize Craig Wright’s Bitcoin SV

Nestle enters blockchain with IBM

The Switzerland-based food producing giant began to dip its toes into blockchain back in 2017. For this purpose, it joined the IBM Food Trust, which was created for letting consumers trace the food products they buy.

The food producer is trialling blockchain since it wants to give its customers a better purchasing experience with a higher transparency level and let them watch the whole process of delivering Nestle products to stores.

In fall last year, the Carrefour chain also joined the IBM Food Trust. Now, having partnered with Nestle, they are testing the open ledger technology provided by IBM and launching their Mousline trials on it.

Cover image via u.today
The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.
👓 Recommended articles

Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
You may also like:
Contents

It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

👉MUST READ Bitcoin’s Price Rally Was Accurately Predicted by Anonymous 4chan Poster. $16,000 in October?
Bitcoin’s Price Rally Was Accurately Predicted by Anonymous 4chan Poster. $16,000 in October?

Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

👉MUST READ This Is the Happiest Bitcoin Investors Have Been Since 2016: Tom Lee
This Is the Happiest Bitcoin Investors Have Been Since 2016: Tom Lee

Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

Cover image via 123rf.com
The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.
👓 Recommended articles