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AP

As people become more interested in understanding where their food is coming from, blockchain technologies are being eyed as a way to track and record the source of food from the farm to the dining room table, Bloomberg reports.

  • Blockchain is a shared, cryptographically secure ledger of transactions.
  • It's a growing business opportunity in China, where food fraud can be a big problem.
  • Why it matters: Michigan State University"s Food Fraud Initiative says fraud costs the global food industry as much as $40 billion annually. Pew Research Center found that 40 percent of Chinese see food safety is a "very big problem," up from 12% in 2008.

Examples:

  • Wal-Mart is completing a trial using blockchain technologies to track pork in China, cutting the time it takes to track the meat's supply chain from 26 hours to a few seconds, the company tells Bloomberg.
  • Shanghai-based Zhong An Information and Technology Services Co. recently said it will use the technology to track chickens from the coop to the processing facility to the store.
  • Alibaba Group is also working on a blockchain project that will include its food suppliers in Australia and New Zealand.

Go deeper

DiDi to delist from NYSE under Chinese govt pressure

Illustration: Sarah Grillo/Axios

Chinese ride-hail giant DiDi said it will delist from the New York Stock Exchange, following a Chinese government crackdown on foreign listings.

Why it matters: This reflects how geopolitical tensions are bleeding into the capital markets.

Updated 27 mins ago - Health

Omicron cases confirmed in 5 U.S. states

A healthcare worker inserts a Covid-19 rapid test into a machine in Denver, Colorado. Photo: Daniel Brenner/Bloomberg via Getty Images

Hawaii became on Thursday the fifth state to confirm the newly discovered Omicron variant after New York announced five new cases earlier in the day.

The latest: In Hawaii, the variant was found in an unvaccinated O'ahu resident with moderate symptoms who had previously been infected with COVID-19, per a state health department statement. The variant has also been confirmed in California, Colorado and Minnesota.

Senate Dems receive max donations from Nord Stream 2 lobbyist

Illustration: Annelise Capossela/Axios

A major Democratic donor and Nord Stream 2 lobbyist has made maximum campaign contributions this year to Senate Majority Leader Chuck Schumer and vulnerable Senate Democrats, campaign finance records show.

Why it matters: If pressure from the White House to vote against reimposing sanctions on the Russia-backed natural gas pipeline weren't enough, Democrats who back such legislation also will be at loggerheads with one of their party's top fundraisers.