
Topco Associates, the largest US food wholesale company, will pilot test the Mastercard blockchain solution for supply chain tracking.
According to a company press release , Topco is testing the Wholechain platform on the Provenance blockchain, developed by Envisible, a logistics firm. With its help, Topco intends to track the supply of meat and seafood.
The Provenance solution is based on Mastercard’s proprietary technology and helps brands track product shipments through the blockchain, which aims to increase consumer confidence, trust and awareness.
Note that Mastercard has already registered more than one hundred patents for various blockchain solutions.
In addition, in September, Mastercard and the R3 blockchain consortium announced a partnership within which they will develop a cross-border payment solution based on distributed registry technology.
Recall that using the blockchain to track deliveries is not an innovation for US companies. So, recently, the largest US retailer Walmart entered into a partnership with IBM to track shrimp shipments from India.
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