IBM Corp.
Company Snapshot
Company Overview
IBM is a global technology leader known for its advancements in artificial intelligence, cloud computing, and blockchain solutions. As part of its commitment to digital transformation across industries, IBM has developed IBM Food Trust, a blockchain-powered platform designed to enhance transparency, traceability, and efficiency in the global food supply chain.
IBM Food Trust leverages distributed ledger technology (DLT) to create a secure, immutable record of food transactions from farm to fork. The platform connects farmers, suppliers, manufacturers, retailers, and consumers, enabling real-time access to trusted food data. By digitizing food supply chains, IBM aims to reduce food fraud, enhance food safety, and minimize waste, ultimately benefiting businesses and consumers alike.
The platform has been adopted by major industry players, including Walmart, Nestlé, Carrefour, and Dole, who utilize its traceability features to track food products in seconds rather than days. IBM Food Trust ensures regulatory compliance and helps brands build consumer trust by offering end-to-end visibility into sourcing, processing, and distribution.
Financial Highlights (FY 2024)
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IBM Corp. In News
Company's Business Segments
- Software : Hybrid Platform that includes Red Hat, Automation, Data & AI, Security and Transaction Processing
- Consulting : Business Transformation, Technology Consulting and Application Operations
- Infrastructure : Hybrid Infrastructure and Infrastructure Support
- Financing : Client Financing and Commercial Financing
Applications/End User Industries
- Banks
- Insurance
- Financial Institutions
- Healthcare Institutions
- Government Organizations
- Enterprises
- Information Technology (IT)
- Universities
- Laboratories
- Research Centers
