How can Blockchain be used in the Food Industry?
A new phase is in the town! Blockchain technology has changed our perspective and understanding. We are moving to the advanced world! Blockchain tech has done a lot in the finance sector, but spread its root in the food industry. It has proposed various benefits while facilitating it in the Supply chain and Food retailing: Trace the product Check the ingredients added up in the product at every stage The blockchain is not only traced but determined as the game-changer in the market. Implementing it into the system can connect and enable efficiency, transparency, and accountability among participating factors. For higher standard production, efficiency, and sustainability— blockchain plays an important role. What values would be added for the supply chain companies? Blockchain is everywhere! It eases the path for many sectors to manage the workflow smoothly. Supply chain networks possess several challenges like: Coordination among distinct factors Lack of traceability Th...