Walmart to use blockchain technology to track leafy greens [MarketWatch]
Walmart Inc. (WMT)
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Source: MarketWatch
Walmart to use blockchain technology to track leafy greens Walmart Inc. WMT, +1.35% said Tuesday that it will begin using a blockchain-enabled system to track the path of leafy greens like lettuce back to its farm of origin over the next year. The retail giant has been working with International Business Machines Corp. IBM, +0.08% and 11 food companies over the past year to develop the technology. "While leafy greens are overwhelmingly safe to eat per capita, there have been several high profile recalls over the past decade and Walmart believes the current one-step model of food tractability is outdated and we can do better," the company said in a statement. Walmart shares are down nearly 4% for the year so far while the Dow Jones Industrial Average DJIA, +0.22% has gained 7.5% for the period. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
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WMT
Sec Filings
- 4/25/24 - Form DEF
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- WMT's page on the SEC website