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.