Food

Blockchain’s capability of tracking ownership records and tamper-resistance can be used to solve urgent issues such as food adulteration, safety recalls, supply chain inefficiency and food traceability in the current food system.

Blockchain can help organizations in tracing the entire lifecycle of food products from origin through every point of contact on its journey to the consumer. Better food traceability across the food supply chain ensures companies to reduce the spread of food-borne illness, and also in avoiding massive losses for retailers and suppliers due to food recalls.

DLT ensures that each and every food item can be seen and validated at all points in the supply chain. This can help each and every party in the food supply chain to have a clear picture of the product lifecycle, and more importantly, these data can’t tamper.

Here is how blockchain can impact the Food Supply Chain

Recording each and every transaction between products across various supply chain nodes.

Tracking of orders, shipment notifications, trade documents and receipts from the ledger.

Physical products are linked to bar codes, RFID or serial numbers and storing them on the distributed ledger.

Maintaining transparency across the food supply chain, by sharing information processing or manufacturing process, delivery, assembly and maintenance of products with vendors and suppliers on the blockchain.

Potential Benefits of deploying blockchain in the Food Supply Chain

Blockchain can help in identifying tampering attempts in the Food Supply Chain.

Blockchain has made easy the detection of potentially contaminated or hazardous food products, once detected stores and supermarkets can remove these products from shelves, saving their reputation as well as public health.

Consumers can stay assured that the foods they purchase and consume are one and the same.

Blockchain could help eradicate counterfeits and food fraud in our global food supply chain.