Skip to main content

Blockchain and IoT for Food Supply Chain Safety

Today’s consumers have become increasingly discriminating about the food products they consume. Consumers want to be certain they’re making healthy eating choices for themselves and their families. Regulators, for their part, are rightly concerned about the increasing incidence of product adulteration in the food supply and the time it takes to identify the source of outbreaks and respond effectively. What’s needed is trustworthy end-to-end transparency along the food supply chain, not only to authenticate the origin of products but also ensure that they are properly handled at every stage of the source-to-fork process. 



The three Ts of food: supply chain security and authenticity

There are three basic elements to any solution to the problems of maintaining a healthy food supply chain: 


1.   Transparency: Transparency helps foster trust that food origin and quality are what brands claim them to be and enables real-time collaboration among all partners, achieving cost and risk reduction in the supply chain.


2. Traceability:  Consumers and regulators want to know the origin and pathway of the products reaching the market. 


3.   Trust: Engendering trust between brands and consumers—and among multiple parties along the supply chain—is necessary but difficult to achieve efficiently with traditional methods.


These three elements create multiple challenges that food producers, distributors, and retailers face today. The first of these is a lack of interoperability among the multiple systems used by companies along the supply chain, making the sharing of provenance and safety data (such as proper temperature) difficult. And when these systems do share information—or are unified under the control of a single stakeholder—it is difficult to verify, which reduces trust and transparency. Many transactions are still conducted on paper, which significantly slows the supply chain journey, leading to increased costs and opportunities for error. Finally, because data sharing is not instantaneous, a party could conceivably withhold the transmission of negative data until it could be verified, slowing the process and ultimately reducing trust.


Wehope you have found this article informative and interesting. For moreinformation or queries contact us to know more about this technology.

Comments

Popular posts from this blog

Smart Contract Development Company in Washington

Smart Contracts are now essential to any blockchain-based business. The self-executing digital contract is the key to automate processes, transactions, and agreements, helping to reduce costs, hence security and end the very confusing and not reliable paperwork. Smart contracts are automated digital contracts that enable highly-secure and self-executing agreements to be formulated. They solve many issues faced in traditional contracts such as lengthy paperwork, the need for third-party intervention, and huge costs. Codezeros is the Smart Contract Development Company with the best solutions for your enterprise. Up to date with every new technology and innovation in the blockchain world. Our team of experts is focused on building an outstanding computer-based protocol. Customizable for any type of industry, the digital contract doesn’t need a middleman to ensure that all the parties involved are performing their part. Once all the rules and conditions are settled, its base algor

Security Token Offering Services(STO) | Codezeros

Stay at the top of growth wave with quality token development. Security tokens are just a more flexible version of regular securities, only more efficient. They are cryptographic tokens that pay interest and dividends or share profits to token holders based on an asset like shares, real estate, or bonds. Some of the major benefits of opting for STO development are as follows: Traded as securities Credibility Low Fees Decentralized assets remain decentralized An enterprise or a startup will sell its digital asset- its cryptocurrency, to its investors and whosoever, supports the project financially. This sale of their cryptocurrency or a fraction of it will happen in a pre-decided currency form of USD, Euros, or a cryptocurrency like bitcoin. This process will be followed by whitepaper creation and a pitch deck. Later on, after Tokenomics of the cryptocurrency and smart contracts, a pre-STO landing page is created. This process comprises of STO solutions that we provide. We

Top blockchain App Development Company in Toronto

Nowadays, it’s quite a challenging job to find-out the best company that provides blockchain application development services. There are lots of companies in the market that offers blockchain solutions and are trying to take a first place in this field. Codezeros is a leading Blockchain app development company with high potential for perfection and innovation. To create Blockchain apps that revamps user experience has been our vision since inception.       Codezeros is a Top  blockchain App Development Company in Toronto  that has a highly dedicated team of expert developers who can craft apps perfectly according to your requirements. They provide customized blockchain app development solutions based on the client requirements and also deliver blockchain technology related other services with high quality at an effective cost. We develop next generation of Blockchain Apps for our customers using Ethereum & Hedera Hashgraph and many more platforms. Blockchain se