Blockchain can assign digital identifiers to food products that make them traceable via supply chains, along with their growth situations, batch numbers, and expiry dates. It can help in averting food waste, enable consumers to work out the ecological footprint of the food, and guide the circulation of surplus food to the ones who need it. Just like QR code certificate verification, blockchain QR code enhances food security.
This decentralized and robust system is presently utilized inside global financial systems. In this blockchain, records are a distributed database in the shape of encrypted blocks employed for transactions or executed digital events between participating allies. Moreover, the blockchain’s shared and immutable register of foods and commerce will avert fraud and allow the source identification of food-borne ailments. Moreover, the nature of blockchain technology enables secure record-keeping of complete transactions in real time. It results in accurate verification of a sale process by both parties involved.
Blockchain technology ensures that there are no interruptions in food traceability. Fraudulent or deceptive practices get curbed at all levels. Through this, the product passes on its path to the end consumer. The records are all linked to the person or team that uploads them to the blockchain. If anybody modifies them later on, it reflects, and the other chain agents can be aware of this. It may hence be a further barrier to fraud.
Traceability & Transparency
Recently, the world has witnessed many unfortunate and disturbing food scandals, like false eggs in China, exploding watermelons, and glowing meat in Australia. Current food safety issues linked with contamination, the spread of gastrointestinal ailments, waste, and even financial loss are worsened by a lack of essential information and control over the product supply chain.
The concentration on global food supply-chain security is much more than ever. Consumers ask for more information and guarantee that their products are safe and emerged from reliable sources. Here, blockchain technology can positively impact and offer a quick solution to the food sector’s problems.
Blockchain is a distributed network, and its application promises security because of the absence of a single susceptible center. Apart from this, nobody can tamper with or change the data stored in the blockchain.
Moreover, this technology works as a single source of data that forms a more precise control trace and constancy between companies. With blockchain technology, food companies can swiftly track problems and find their source. It may enhance consumer safety and reduce financial losses. If manufacturers, processors, suppliers, distributors, and sellers extract information from the same distributed registry to which they have lawful access, the consumers’ confidence in the quality of products will grow. Hence, the regulatory bodies will have a more robust tool for ensuring food safety.
It would permit food suppliers and other members of the ecosystem to notice sources of contaminated products at the initial possible time with the help of a detached network and quickly withdraw them from sale and avert the further spread of disease.
The Bottom Line
Blockchain technology solutions like blockchain document management, QR codes, and so on will help retailers, and food companies better supervise and manage the overall shelf life of products. It even reduces the risk of non-compliance in individual stores, guaranteeing that consumers get authenticated, safe products. Know more at ProofEasy and Get started with blockchain solutions.