Blockchain technology has penetrated many industries and now has a significant impact on the food and beverage industries. Blockchain's importance is being realized by stalwarts across sectors, from the likes of Walmart to IBM. From tracking food more precisely in the supply chain with all valuable data to ensuring food quality and health quotient, blockchain is benefiting the food and beverage industry in more ways than one. No wonder global leaders in the food and beverage industry such as Nestlé, Starbucks, Carrefour, and many others have embraced blockchain.
The public demand for a transparent food supply chain with clear access to data is stable within the food market. Since customers worldwide are becoming more health and fitness conscious, they continuously try to grab detailed information about the food they consume.
Faster food supply is a crucial aspect of public health as well. Thanks to blockchain's prevalence in the supply chain, better traceability of the food across the supply chain can be ensured, and this can easily track sources of contamination and mishandling. On the other hand, tracing the stages and sources of food contamination through the traditional paper trail is next to impossible.
IBM Food Trust initiative using blockchain cane with a great system that much primary food and beverage brands are taking advantage of. From Nestle, Tyson Foods, Kroger to Dole, many globally acclaimed foods brands are using the platform to track the trail of food ingredients and the various stages of the supply chain to ensure no contamination is done.
Walmart sells mangoes produced in small South American firms, and tracking their production and origin through traditional methods will be time consuming and treacherous an exercise with no guarantee of the result. With blockchain technology, such tracking processes can be easier, and the time can be reduced to barely a few minutes.
Of course, a few other equally or enough credible Blockchain-based initiatives equally deserve our attention. Greenfence came into the picture as the first remote tracking and auditing platform for the food industry. The platform also worked for food certification. It used blockchain technology to determine the locations, distributors, equipment, and people taking part in the entire supply chain from the farming land to our homes' doors.
Food frauds are increasingly becoming a concerning area for food and beverage producers and distributors. The so-called health supplements and other nutrients are also getting victims of fraud. This is where a distributed ledger database can do wonder.
Through blockchain technology, products tagged with QR codes can easily store information and ensure optimum supply chain traceability and transparency about production and supply of food and beverages. In the time to come, Blockchain-based food tracking and quality control will become the mainstay of the entire industry. This will also need a committed effort from all stakeholders, including the producers, retailers, and consumers of food and beverages.
About the Author
Jamie Waltz is a senior mobile app developer At Square Root Solutions — Ireland-based mobile app development company. He has been in the IT industry for the past 6+ years and has helped various kinds of businesses in developing cost-effective, Robust mobile apps which can increase their customer’s experience, loyalty, and retention toward the brand. Apart from his professional life, he loves to spend his spare time by creating a valuable asset for the developer’s community through writing quality blogs.
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