US retail giant Walmart Inc. is collaborating with IBM Blockchain for business to test pilot an end-to-end blockchain project to track shrimp exported from Andhra Pradesh, India and shipped to United States.
According to The Hindu, Walmart said the initiative will help seafood farmers in the region to strengthen the shrimp supply chain and reinforce customer trust in the product, helping promote India as a preferred source of seafood, while also enhancing food traceability and transparency for consumers in the United States.
“Through this pilot, we are working with our partners and leveraging our global strengths to provide access to blockchain’s innovative technology which will benefit local farmers and producers, help to transform the food system and also provide a quality product that delights our customers and members,” said Paul Dyck, vice president of corporate affairs for Walmart.
Shrimp is India’s largest agricultural export, with the US as its largest market, taking a 46% share of India’s shrimp exports by value in 2018.
