The changes of food industry with the blockchain technology

Walmart, which sells 20 percent of all food in the U.S., has just completed two blockchain pilot projects.  Some organizations such as Unilever and Nestlé are speaking about blockchain technologies. Blockchain makes a supply chain more transparent at another level. And one more thing it gives the new opportunities to the whole chain to be more sensitive to any food security crashes.

Blockchain technology also allows specific products to be traced at any moment, which would help to diminish food waste. Contaminated products, in particular, can be traced fast and with ease while safe foods would be kept on the shelves.

Integration of the blockchain

While some organizations are moving forward the other ones wait to see what will happen. Presently, the marketplace is fueled with confusion due to the Bitcoin phenomenon, which is labeled by many as being out of logic and absurd.

Blockchain technology in agricultural sphere has potential but it should be better thought-out. So, public leaders should call blockchain as a significant possibility and have to be added to a digitalization strategy currently affecting the whole food industry. Clarity, competitiveness and perseverance of the agrifood sector could be improved. A successful integration of the blockchain demands the engagement of all organizations that take part in it.

However, research should look at how to evoke evidence-based blockchain solutions to democratize data for the whole system before we get too overwhelmed. News Wire & Equity Research: +31 084-0032-842

Copyright B.V.
All rights reserved. Any redistribution, duplication or archiving prohibited. doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.