On Tuesday, Shares of International Business Machines Corp. (NYSE:IBM), subtract -2.62% and closed at $150.72 in the last trading session. IBM stock opened its last trade at $150.02 and after floating in a range of $147.79 to $151.00. The company’s Market capitalization is $144.36 Billion with the total Outstanding Shares of 955.84 million. During the 52-week trading session the minimum price at which share price traded, registered at $116.90 and reached to max level of $165.00. The Earnings per Share of the company stands at $12.31. As Walmart (WMT) opened its new Walmart Food Safety PartnershipCenter in Beijing recently, IBM (NYSE: IBM), Walmart and Tsinghua University declared a partnershipto improve the way food is tracked, transported and sold to consumers across China. By harnessing the power of blockchain technology designed to generate transparency and efficiency in supply chain record-keeping, this work aims to assist enhance the safety of food on the tables of Chinese consumers.
Food authentication and supply chain tracking is a critical step to quickly finding and assisting address sources of contamination around the world. Early indications are that Blockchain presents an innovative new way to accomplish these aims. It provides a permanent record of transactions which are then grouped in blocks that cannot be altered. It could serve as an alternative to traditional paper tracking and manual inspection systems, which can leave supply chains vulnerable to inaccuracies.
With blockchain, food products can be digitally tracked from an ecosystem of suppliers to store shelves and eventually to consumers. When applied to the food supply chain, digital product information such as farm origination details, batch numbers, factory and processing data, expiration dates, storage temperatures and shipping detail are digitally connected to food items and the information is reached the blockchain along every step of the process. Each piece of information provides critical data points that could potentially reveal food safety issues with the product. The information captured in each transaction is agreed upon by all members of the business network; once there is a consensus, it becomes a permanent record that can’t be altered. This assists assure that all information about the item is accurate.
Shares of Genworth Financial Inc (NYSE:GNW), gained 1.60% and closed at $5.09 in the last trading session. GNW stock opened its last trade at $5.09 and after floating in a range of $5.01 to $5.12. The company’s Market capitalization is $2.52 Billion with the total Outstanding Shares of 498.34 million. During the 52-week trading session the minimum price at which share price traded, registered at $1.57 and reached to max level of $5.36. The Earnings per Share of the company stands at $-0.44. Genworth Financial, Inc. provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products mainly insure prime-based and individually underwritten residential mortgage loans. The Canada Mortgage Insurance segment provides flow mortgage insurance; and bulk mortgage insurance products and services that aid in the sale of mortgages to the capital markets, in addition to assists lenders manage capital and risk in Canada. The Australia Mortgage Insurance segment offers flow mortgage insurance, in addition to bulk mortgage insurance that aids in the sale of mortgages to the capital markets in Australia. The U.S. Life Insurance segment offers long-term care insurance products, in addition to service traditional life insurance and fixed annuity products in the United States. The Runoff segment covers non-planned products, which mainly include variable annuity, variable life insurance, institutional, corporate-owned life insurance, and accident and health insurance products.