Supply chains throughout different industries are experiencing a technological transformation to become more efficient and visible and to do enhanced transactions between trading partners and consumers. The way blockchain technology solutions have brought documents identity theft and similar frauds substantially low. Similarly, this technology can ensure food safety.
Blockchain in Food Industry
Blockchain can play a role in the food industry for the better because, like this technology, the food arrangement is a chain or a set of associated chains. The chain includes numerous players such as suppliers who provide food, collectors and retailers, and folks making the eventual move of vending food in the market, a part of the competition for the supply chain.
Blockchain is there to support the managing of a chain of moves and consequential transactions. However, unlike conventional concepts, blockchain is extremely secure, making it a prime choice in verticals such as the food industry. It makes the most of its perk in maintaining the food supply chain.
Impressive Level of Transparency in the Food Industry
With blockchain technology, food industry experts can make the food supply chain more robust and informed. It does it so that the industry can deal with the issue of food safety. Due to this aspect of blockchain, big organizations have already started introducing blockchain technology to trace the roots of products. For example, if you want to know about the origin of a food product, you can scan the blockchain-based secure QR code on the product. The hash value of the product will match the hash value of the QR code on the blockchain network. Nobody can tamper with the data of the products because of their immutability. Hence, Transparency ensures food safety, and one easily gets authentic information about the food products.
In simple words, A distributed ledger accessible to all the food supply chain participants offers an immutable record and immediate view of all transactions between the involved parties. It can include food purchase orders, transfer of responsibility, transfer of ownership, payments, recalls, and so on.
Reducing Food Fraud
Besides food safety, blockchain technology can potentially reduce fraud related to food. Is the food product genuinely produced organically? Is beef essentially the only meat in the burger? With blockchain, the assurances can expand from farm to plate.
Moreover, the end consumers can comfortably access food attribution data, certificates of origin, and overall testing documentation safely in blockchain with their smartphones. They have to scan a QR code on the product package; everything is there for them to see.
Immediate Monitoring of Food
Together with IoT technology, blockchain permits the food supply chain contributors to monitor real-time location, transportation, and even storage conditions such as humidity, temperature, vibration, etc., for food products in shipment and the warehouse. The involved parties automatically get to know or get a notification in case of non-compliant food conditions or logistics.
The data integrity of food supply chain stays intact with hashing. Each blockchain data block includes an automatically generated unique cryptographic identifier and the previous block’s hash value. If anyone modifies the data stored in a block, the hash value and all succeeding blocks will change. It ensures that the data is tamper-evident.
The Bottom Line
The issues of the present age are solvable with proper tracking and monitoring with blockchain solutions like blockchain secure qr code generator. This tech helps food security and safety and can withstand the environment in a friendly way. To know more, visit ProofEasy.