How Blockchain will Transform the Food Supply Chain ?
Blockchain - A ground-breaking technology, after the application in cryptocurrency and bitcoins, is now started refining every industry. The list of industries that are boosted-up by the adaptation of Blockchain Technology involves Health Care, Supply Chain, Insurance, Education and so on. Here we are going to explore the exertion of Blockchain Technology in "Food and Agriculture Supply Chain ". Issues in the Food Supply Chain 1. Lack of Traceability 2. The high cost of Supply Chain 3. Fraudulence in Food 4. Illegal Production 5. Inability to maintain Quality and Safety Blockchain in Food Supply Chain Now, let us deeply look into how this blockchain technology would be implemented in the food supply chain. 1. Storing the information on food crops by farmers 2. Adding food processing details using food processors 3. Bidding for processed products by Wholesalers 4. Safety of Food can be traced by End-consumers Benefits of Blockchain in Food Supply Chai...