Blockchain for the food industry

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<figcaption class= Source: Wikimedia Commons

If any new technology does not have a major impact on human basic needs, it may not be in life and lifestyle. So far, the district Blockchain may have been linked to Bitcoin and high-end financial transactions, but it has not affected ordinary people … at least not to this day! They believe that this new technology is far from certain things.

What if the user wants to know that the blockchain provides one of the most amazing solutions for the food industry and can save costs?

The big guys related to it

The blockchain is slowly being To the market, and the food blockchain is already here, and both are ready to disrupt the industry in the most profitable way. The adoption of SS and the food industry has provided exceptions. In the past few months, there have been reports that, Some well-known companies in the food industry, including Carrefour, Nestle and Starbucks, have initiated blockchain forwarding processes in their respective fields.

Compliance On the scale, it is expected that the top ten food grocers in the industry will use the blockchain by 2025. This is not only embracing new technologies, but somehow linking them to the history of human beings for thousands of years. Let's take a look at some use cases where blockchain has found its importance in the food industry!

Bigger data

When customers choose their favorite food, the days when celebrity endorsements attract customers are gone It's back. Now every customer has a habit of reading nutrition and ingredient labels. 70% of consumers may switch to brands that provide detailed information about ingredients and nutritional value.

Through immutable design Blockchain seems to be the most feasible solution for information accuracy. It is easy to obtain and can provide consumers with specific information about food. This technology can also be used to trace specific packaging materials and trace them back to the raw materials Farm. Traceability is not only a challenge for customers, but also a challenge for companies to find the origin of foodborne diseases.

Information Source: Wikimedia Commons

In 2017, the FDA had to spend a lot of time and resources investigating a deadly Salmonella outbreak to papaya harvested in a specific form from Mexico. If only blockchain exists, then all of this will be reduced To one person and within seconds!

  Parmigiano Reggiano meules MIN Rungis
Source: Wikimedia Commons

Traceability also finds its meaning when it comes to it. Products that can only be produced in certain places. Mozzarella and Parmesan are a good example of this challenge, as both these bizarre cheese varieties have suffered a lot of counterfeiting and can easily become multi-million dollar markets. Experts know that parmesan cheese can only be produced in certain areas of Italy where certain bacteria are present. Each wheel is worth more than $ 1,000, which will give users an option to track the origin of the wheel in a particular region of Italy. We've seen the happening of mozzarella cheese-a dairy company based in Campania called Spinosa has implemented blockchain technology to certify its mozzarella cheese products. Each product comes with a blockchain quality certificate label and QR code

Food supply chain

Only when certain conditions are met can the smart contracts on the blockchain be fully executed on their own-it appears that the supply chain The industry has found it. Holy Grail! European supermarkets have been implementing QR codes in their product labels to reduce the complexity and confusion associated with the supply chain.

The introduction of blockchain into the supply chain has had a huge impact on obtaining comprehensive information about suppliers and the time required for manufacturing. This information is available to shoppers. It can also help remove contaminated and expired food from supermarket shelves, which can be a daunting and tedious process when it comes to large chains like Walmart, Costco and Target.

Decentralized agriculture

stagnated for a period of time on the core development mode. We have better agricultural equipment and better pesticides and pesticides, but the structure of developing agricultural results from businesses to end consumers is still stale.

It is plagued by many middlemen who profit greatly from them, making the product too expensive for consumers, and too little profit for producers and farmers. Blockchain can help solve this problem with effective inventory tracking and automatic inventory moments from one place to another without affecting traceability.

 Agriculture in Israel
Source: Wikimedia Commons

This ensures that the costs involved and the need for human intervention are kept as low as possible, thus achieving a good balance between reducing customer costs and increasing farmers' profits Of balance. The whole process is still in its infancy, but so is the technology itself! Once this code is broken, blockchain can easily become one of the most profitable things that has happened in the agricultural world!

Conclusion

B Chain application development companies need to understand the importance of bringing blockchain to the most ordinary people in the most common areas of life, and food is one of them. Rather than focusing on high-end products such as cryptocurrency exchanges, security token products, decentralized applications, and even creating new blockchains, for blockchain companies, focusing on creating those that have great potential in terms of transaction volume The solution would be a good idea rather than a trade with huge profit potential even if the trade volume is small. To be sure, in the end, this difference will distinguish an excellent blockchain development company from an excellent blockchain development company!

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