TraceFood - Food Supply Chain System
Food supply chain involves every process from the production of raw materials for food to the delivery of the processed food to the end consumer. The food passes on from the farmers to the manufacturers, distributors, retailers and consumers and on the other hand, the cash flow takes place the other way round.
Complex Ecosystem
The food supply chain has a complex structure with the participation of multiple players including the farmers, manufacturers, suppliers, distributors, retailers and customers. As these players are not familiar with each other, there is no mutual trust creating the need for food traceability
Zero Safety
The absence of an authentic channel to keep track of the food supply chain paves way for the addition of unsafe/contaminated food products to it resulting in zero food safety. The lack of food safety increases the probability of food borne diseases
Food Recalls
In certain cases, food recalls take place to check the quality of food or the presence of allergen in the same. Though it sounds simple in theory, food recalls are tiresome, time consuming and cost a lot of money
No Transparency
Illegal food production prevails as the traditional food supply chain has no room for the transparency of goods. Food produced by unauthorized means target largely on monetary gains with no concern for hygiene
Blockchain contrivance in food supply chain
The consumers today are so concerned about getting to know more about what they eat; where the food comes from and how it is produced. However, the conventional food supply chain fails at providing such lucidity as it witnesses the participation of various players such as growers, manufacturers, distributors and retailers before the food products finally reach the end consumer. Additionally, there is a lack of trust between the stakeholders of the food supply chain as they are strangers to each other.
Blockchain being an immutable and decentralized ledger imparts seamless transparency and 100% security to the food supply chain which in turn promises food safety to the customers and builds trust between the players simultaneously.
Growers
The growers of raw materials for the food products gain recognition in the commercial sphere with the implementation of blockchain in food supply chain. With good visibility, the growers have increased chances for bank loans to be sanctioned for business development.
Companies
The companies that process raw materials into food products reap the benefit of establishing their brands across the world with blockchain integration. A popular brand obviously attracts more customers in the long run leading to massive returns.
Consumers
Blockchain presents the customers with quality food products hence improving the overall quality of lives making the planet a better place to live.