BLOCKCHAIN FOR MEAT INDUSTRY

1. A VIABLE TECHNOLOGY BENEFITING MEAT SUPPLY CHAINS OVER THE YEARS!

2. Meat supply chain blockchain • A robust technology powering up the meat supply chain business operations. • The production of meat is widespread all across the globe since we people love to eat meat and meat products on a large scale. With the consistently rising demand for the meat products, the market for the meat supply chains has grown up to the mark in the industry in the recent times.

3. Meat supply chain blockchain has come out as the best technology solution to address all the complexities concerning the meat supply chains thus working right away in bringing a better customer satisfaction and experience by meeting all the demands put forth by the end users. Conventional supply chain models are found to lag at this point as they don’t have the enough stuff in fulfilling all the customer requirements and demands. They need to get renovated yet in a lot of ways so as to meet those industry and customer needs and which could be made possible with the integration of potential technologies like blockchain. Blockchain for meat industry stands out in every arena of the meat supply chains today in carrying out the best results ever. By the way, we can come to know about the value that it holds over the supply chain execution and management strategies.

4. What are the major challenges with the product (meat) supply chains? Product counterfeiting: Counterfeiting is observed to be one of the most common challenges of the supply chain industry as of now. Regulatory restrictions: With respect to the rising regulatory constraints raised consistently from the governmental side, the product supply chain stakeholders find it difficult to make trades smoothly in the market. Supply chain complexities: Product supply chains in general are complex in nature with a lot of phases involved right from production and supply to the table. Consumer demands: There is a constant evolution and update in the needs and requirements of the modern-day product consumers. As a result, the demands and trend set of the industry changes with time to time and it is actually the duty of the supply chain stakeholders to enrich the quality of the products accordingly.

5. Food safety: Nowadays, the consumers are increasingly having health consciousness, which make them going out for checking the safety of the food products they consume. • Traceability: Consumers want to have the complete details of the product right from its origin phase to the end consumption so as to ensure its quality with ease. The market is now being filled with products coming up with a lot of impurities and here is where the fraudulence issues seem to raise. This threatens the consumers very much when it comes to buying a product and consuming it. • Transparency: It is what actually the basic factor that defines the success of any product supply chain. Yes! It makes it the data transparent and to be open to all the participants of the network thus making the system ethical and error-free. 100% transparency is a must for any product to go global with high standards at ease. • Sustainability: Only if a product satisfies all the expectations raised from the consumers’ side, it can have the enough sustainability to be in the market in a long run. Gaining trust is what that actually brings sustainability for a product in place. Hence it should pass all the required qualifications in order to be free from the sustainability issues that are about to rise.

6. The role of blockchain for meat industry in addressing out the supply chain challenges: • Meat supply chain blockchain, being the vital technology standing out to address the supply chain complexities and challenges is depicted to be the technology of the future. No matter what it means for effectual supply chain management, the supply chain enthusiasts find it a gift as it holds a lot of promising traits for the improvement of supply chain businesses going forward in today’s business economy. • Well; what actually is blockchain? It is a pioneering distributing ledger technology meant for recording the business transactions and the appropriate data in a public ledger. Whenever a transaction gets initiated and proceeded in a complex supply chain network, the blockchain works right away in recording and storing the information corresponding to the transaction safely in the ledger for future reference. Blockchain eases out the payment transactions as well when it comes to the product supply chain systems.

7. Closing thoughts • Thanks to blockchain for its inevitable use cases in the supply chain industry! Yes, it offers power pact features for the welfare of the future supply chain systems thereby making the products stand strong in the industry. It reduces the cost of supply chain operations, yet helps in improving the efficiency. Thus, adopting out for a blockchain solution would obviously be the right choice for any food or meat supply chain venture right to attain its goals at the right time with enriched profit….

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