IBM is using blockchain technology to transform entire industries. One of them is the food industry. In the past, the food industry has been hit with challenges in the management of quality along the supply chain. Cases of contaminated food hospitalizing, and even killing people is not new.
IBM is using blockchain technology to create transparency in every step of the supply chain. Through the IBM Food Trust, supermarkets and other food companies can keep track of the food that reaches the consumer using blockchain technology. So far, a number of major corporations have signed up to the IBM Food Trust, and they include Wall-mart and Carrefour. The latest one to join is Albertsons, one of the world’s largest supermarkets. While this is a big deal for the food industry, it is also a big reason for Stellar (XLM) investors to be delighted. That’s because, it has a direct implication on the value of this crypto in the long run.
This connection between IBM food trust and the potential growth in XLM volumes is best exemplified by a LinkedIn post by IBM Blockchain Consultant Ant Cole. Cole made a clear connection between the IBM Food Trust and the IBM Blockchain World Wire, which has the option to settle payments in Stellar (XLM). Here is Cole’s post showing the connection.
“IMAGINE: A banana grown in Costa Rica, tracked on hashtag#IBMFoodTrust from the farm, tracked through processing, grading and packaging. Then a handover as it is shipping using hashtag#TradeLens to cut the paperwork required between so many parties involved and easing the shipping process. When the banana arrives in Australia the payments is sent via hashtag#WorldWire, giving a faster payment with full visibility. Both of these link back to hashtag#IBMFoodTrust so the retailer has full visibility of the process and the consumer knows exactly what they are buying. Faster, Lower Costs, Increased Efficiency.”
This post goes to show that as more companies join the IBM Food and the world moves more towards crypto based settlements, the IBM Food Trust and the IBM Blockchain World Wire could in the long run drive billions of dollars’ worth of transactions through Stellar (XLM). For investors, this is a huge validation that Stellar (XLM) has a massive chance to grow in value going into the future. As the transaction volumes increase, the value of Stellar (XLM) will grow as well. That’s because, stability will incentivize more organizations to settle in XLM on the World Wire, pushing up Stellar (XLM) demand and by extension, its value.
On this basis, Stellar (XLM) is easily one of the most undervalued cryptos in the market. Though it is trading way below its all-time highs, its growing real world adoption places it in a unique position to gain in value way beyond its 2017 highs. Its growth will also be boosted by growth in the entire market, which is happening at an exponential growth. Evidence to this is the entry of institutional money into crypto through platforms like Bakkt.