Blockchain poised to disrupt traditional retail operations
The demise of retail grocery stores might be just around the corner.The founders of Russian grocery delivery company Instamart claim to have signed non-binding memoranda with consumer goods giant Unilever, major Dutch dairy co-op FrieslandCampina, and U.S. food products manufacturer Mars, among others. INS’s objective is to build a blockchain-based food-supply network to connect manufacturers with consumers — thus bypassing retailers and wholesalers altogether. Massive consumer price cuts are promised.Also on Network World: Blockchain: You’ve got questions; we’ve got answers “INS is a decentralized ecosystem that enables consumers to buy directly from grocery manufacturers, bypassing retailers and wholesalers, at prices up to 30 percent lower than in supermarkets,” the company says in its press release. The firm will be releasing a token sale at the end of this month — the first stage of its launch planned for Q4 2018.To read this article in full or to leave a comment, please click here