Blockchain Food Traceability

More can be done to equip companies with real time traceability of products within global food supply chains.

Blockchain food traceability. Changing approaches covid has forced almost all businesses to adjust their business models to survive and thrive with the new reality says matt brown ceo wherefour petaluma ca. The ability to instantaneously trace the entire lifecycle of food products from origin through every point of contact on its journey to the consumer bolsters credibility efficiency and safety. By john ryan ph d. Blockchain food traceability is gaining momentum in the global agrifood sector.

Blockchain in food traceability continues to evolve blockchain was quite a buzz word in recent years as cryptocurrencies like bitcoin began to draw attention from the masses. Blockchain has generated significant interest and questions throughout the world of logisitics because of its supposed ability to solve a variety of different problems. Blockchain traceability and solution. Blockchain can help reach business goals around traceability compliance freshness and more by enabling a holistic ecosystem.

Working alongside top talent in transaction security and authentication technology from tsinghua university and with walmart s expertise in supply chain logistics and food safety they are creating a new model for food traceability supply chain transparency and auditability using ibm blockchain. Facts fiction and future podcast. One of the hottest topics in business and technology today is blockchain. With the passage of the food safety and modernization act fsma comes the final rules on the sanitary transportation of human and animal foods.

A blockchain solution is not just about technology it s about solving business problems that have been insolvable before due to the inability of the ecosystem to share information in a transparent immutable and trusted manner. Blockchain is often the tool of choice by food industry companies in improving food safety. Blockchain traceability applications drive digital transformations connecting all the stakeholders involved in the food supply chain through permission permanent and shared record ultimately enabling the organization s transparency to ensure trust data provenance and efficiency. However there are currently other traceability technologies available on the market as well.

Commenting on the importance of applying the ey opschain food traceability solution giuseppe perrone ey blockchain hub mediterranean leader said at the time. The hype around cryptocurrency and whether it was about to take off as the new way of bartering has faded but misconceptions of what blockchain is and what it can be used for are still out there.