How Blockchain Tech will revolutionize the food industry

in #blockchain6 years ago

Food.jpg

  1. Food trackability
    Knowing the route our food goes through, from the moment it is harvested, to its transportation and distribution to local stores or large companies, we do not have a solid record of the process being carried out and/or if it is done appropriately. The blockchain allows getting vital information about the product without risking data integrity or suffering hacks.

  2. Recalled food
    The blockchain provides a track-and-trace solution to track down the food’s origins in case it is poisoned or inadequate for consumption, allowing for a quick supply cutting. What’s more, consumer is fully capable of tracking down the serial number to its distributor, which could be flagged on the blockchain. Walmart's blockchain implementation

  3. Product labeling
    Nowadays, companies as Where Food Comes From (WFCF) confirm or deny the claims suppliers make on their products. All certifications, facility audit reports, and other regulations are to be securely stored in the blockchain, making data visible and irrefutable to everyone.

  4. Farmer conditions
    Blockchain technology allows farmers to have greater access to buyers and brokers, loan interest rates, commodities prices, better prices on crops, and the opportunity to be more competitive in the dynamic market.

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