How Blockchain will revamp the Food Supply Chain

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How Blockchain will revamp the Food Supply Chain

• Blockchain in Food supply chain

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Food Supply chain
Food supply chain involves every process from the
production of raw materials for food to the
delivery of the processed food to the end
consumer. The food passes on from the farmers to
the manufacturers, distributors, retailers and
consumers and on the other hand, the cash flow
takes place the other way round.
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Blockchain

• Blockchain can solve various problems faced by
  the food industry by enhancing traceability,
  transparency, immutability, and decentralization.
  Blockchain in supply chain management facilitates
  the incorporation of logistics and financial
  services.

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How Blockchain works in the Food Supply Chain ?
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How Blockchain works in the Food Supply Chain ?

• Blockchain stores all food supply
  chain transactions and events on a distributed
  ledger
• Every block carries a batch of transactions
  validated based on the pre-defined consensus
  protocol.
• The data on food origin and movement across the
  supply chain are carried out by the food
  suppliers. The manufacturing processes and added
  food product ingredients information are provided
  by the Food manufacturers.
• The food supply chain activities are traced by
  the distributors to ensure responsible sourcing
  practices, food product quality, and safety.

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Blockchain
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Importance of Blockchain in the Food supply chain

• The adoption of blockchain technology can easily
  change the conventional ways of doing business
  (buy, sell and make transactions).
• It eliminates the chances of fraud and
  duplication by the mediators or intermediates.
• It features cryptographic security measures that
  provide ease of exchanging contracts and
  agreements to track payments.
• The technology in the food industry ensures
  traceability, transparency and tamper resistance
  creating trust among actors including farmers,
  consumers, suppliers, and retailers.

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How Blockchain Benefits the Food Supply Chain
The blockchain helps to record and display the
data publicly and also has the potential to track
ownership records and tamper-resistance. Here are
some of the benefits of blockchain in the food
supply chain.

• Traceability

• Tradability 

• Transparency

• Food traceability is one of the key factors to
  consider in food safety, especially with
  innovative blockchain applications.

• Blockchain technology helps to get detailed
  information about food products. 

• Blockchain in food supply chain management helps
  to boost efficiency in ownership and licensing.

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Tracefood
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Tracefood

• At Trace Food, we facilitate seamless and
  effective management of food supply chain with
  inventive blockchain solutions devised by leading
  blockchain developers. We strive to set fresh
  paradigms in the fresh produce industry with our
  progressive Blockchain deliverables

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What Tracefood can Do !

• Improved Trust

• Food Traceability

• Provenance tracking of the food products is now a
  cakewalk as blockchain records every minute
  detail right from the production phase to the
  delivery of the food products to the consumers.
  Say for instance,

• As Blockchain is an immutable and decentralized
  network not manipulated by anyone in particular,
  every stakeholder of the food supply chain counts
  it as a reliable source.

Marketplace Creation

• Food Safety

• No fraudulence activities happen in the food
  supply chain under the guard of blockchain. The
  superfluous technology fetches the proof of
  ownership as the food products pass through the
  hierarchy.

Incorporating blockchain effectively ends the
production of contaminated food. By getting rid
of fraudulent goods, the food supply chain
improves in quality.
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Global Blockchain Market Info in Food Supply Chain

• The global market size of blockchain in the food
  supply chain in 2020 is around USD 133 million
  and is estimated to reach USD 948 million by
  2025.
• During the forecast period, there will be rapid
  growth in CAGR of 48.1.
• The blockchain market in the food industry is
  expected to grow more owing to an increase in the
  demand for transparency in supply chain
  operations.

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Tracefood Mobile app

• Scan the QR code or link below to download the
  tracefood app to scan the showcased product

https//play.google.com/store/apps/details?idapp.
shamlatech.qrscanner
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