Alibaba begins testing blockchain-based platform for the food supply

Chinese ecommerce giant Alibaba uses the technology of the blockchain to track the supply chain of food in order to prevent fraud in this area.

According to ZDNet, the part of the pilot, the company will use the blockchain platform T-Mall to track international shipments to China from an Australian company for the supply of products Blackmores and new Zealand manufacturer Fonterra.

In may 2017, Alibaba and PwC Australia, Blackmores has announced a partnership with the aim to develop a system of counteraction to distribution of counterfeit products, the availability of which is lost annually about $40 billion during the year, the company tested the blockchain platform.

According to representatives of Alibaba, supply chain visibility is the main advantage of this structure: a successful pilot project will allow for more widespread adoption of blockchain in the process of tracking supplies for the global markets.

Alibaba and logistics company Cainiao already successfully using a blockchain-based platform T-Mall for international delivery. Technology allows you to record a lot of data about the goods – the country of origin, port of arrival and departure, method of delivery and customs data is protected from unauthorized access the registry.

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