Blockchain Food Supply Chain

Despite many promising perspectives of the blockchain for food several concerns and doubts still remain making it hard to implement the technology in the food supply chain.

Blockchain food supply chain. There is no real proven correlation between blockchain and food supply chain. After initial tests 12 of the world s biggest companies including walmart and nestle are building a blockchain to remake how the industry tracks food worldwide blockchain is still an emerging. More can be done to equip companies with real time traceability of products within global food supply chains. Blockchain is being implemented in many ways throughout the end to end food process.

Us based food cooperative topco is using wholechain a solution developed jointly by mastercard and envisible a food supply chain traceability provider to help its member owners supermarkets trace and highlight the origin of seafood. How blockchain is going to fix the food supply chain. When implemented effectively it can connect and enable efficiency. The blockchain connects all the information of the value chain it crystalizes it and made it available to any user equipped with smartphone and qr codes reader.

Most companies that utilize blockchain solutions to build a foodsupply chain have already built a centralized database that stores the physical inventory and balances it. The information that they are required to store on the blockchain is altitude location where the plants are. Blockchain enables verified transactions to be securely shared with every player in the food supply chain creating a marketplace with immense transparency. The ripe io blockchain ecosystem has a variety of tools to map the food journey including supply chain tracking secure data aggregation bran quality verification and sensor and iot integration.

The use of public blockchain solves this problem by bringing together all of the different components and allows for complete details to be tracked from start to finish. With ripe io farmers leverage blockchain backed iot devices to automate farming processes distributors track food in real time and consumers receive verified information about their food s journey. The supply chain starts with the farmers who grow our food. It is a precious supply of statistical information for blockchain in agriculture and food supply chain market and consists of correct data which makes use of number one and secondary studies.

While blockchain alone does not solve traceability it can be a gamechanger. Blockchain a type of distributed ledger technology dlt has been increasingly gaining market traction in supply chains for example in proofing product provenance and implementing track and trace of products through the supply chain. Foodchain s qr codes allow you to access the full and immutable story of a product to discover its real path throughout all supply chain processes.