As food product recalls are becoming a frequent occurrence on account of contamination fears, the time is right for companies to look towards blockchain for creating better visibility into their supply chains and to reduce generic en masse recalls wherever possible.
In light of various contamination scares and disease outbreaks, it is essential to disrupt food supply chains to create more visibility and transparency as products pass through multitude of stakeholders between the farm to fork.
Ambrosus enables consumers and supply chain stakeholders to have better trust over the products they receive or consume, by using sensors that communicate to the blockchain.
The vegetables could be contaminated with salmonella and listeria. Stock sell-off longer than past flash crashes. GM’s driverless cars facing headwinds. Automation needs more planning.
Though blockchain is a technology with immense potential, there needs to be some commercial incentive for food supply chains to adopt it in its mainstream processes – the absence of which might let the technology remain constrained to pilot programs.
Nestlé is the latest company to turn to blockchain technology to ensure the safety of their supply chain, particularly narrowing in on the ingredients that go into the baby food purees and pouches produced by Gerber.
Turns out, of blockchain’s many potential (and developing) applications, few could be as game-changing as what it would mean for the food industry.
Trucking employment drops 5,500 in April, railroad jobs drop 800; Nestle pays Starbucks $7B+ to sell its products worldwide; Romaine lettuce E. coli still a mystery; China steps up quarantines of US food imports.
Global food supply chains are struggling with visibility and the increasing demand of consumers. Adopting technology like IIoTs and blockchain could be the answer.
IBM is building a computer that’s smaller than a grain of salt and is a part of IBM’s crypto anchor program that plans to use blockchain to improve supply chain transparency.
The prices of fresh produce is expected to climb due to the ELD mandate and the FSMA mandate later this year.
Multi-awarded European tech startup OriginTrail has developed a blockchain protocol for the food supply chain, Food Safety Magazine reports
