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Supply Chain Management (SCM) is a group of related tasks. W are moved from raw materials to finished items and back again until they are delivered to the customer. Multiple groups worked together to make this chain of activities successful, and that success is the result of their combined efforts.
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Transparency Traceability Food traceability is one of the Tracefood facilitates food most important benefits offered companies and consumers to by blockchain. Food Traceability find out where the food items helps to enhance the food safety are produced, how they are with innovative blockchain manufactured, and the various applications. phases the items went through, just by scanning the QR codes on the packages.
Blockchain in food supply chain helps to improve food safety by making the operations more traceable, transparent, immutable, auditable, and decentralized. Blockchain is a distributed and decentralized database that records data in a business network. It is a public digital ledger that stores the same data across various systems and enables all users to access them.
A food supply chain is a process that refers to the various stages the food products go through from the producer to the consumer The food supply chain encompasses different processes that include, Production Storage Processing Packaging Distribution Retailing Consumption Disposal
Blockchain in supply chain is revolutionizing the food industry by offering a range of transparency. Tracefood is already started to explore the market by providing certain potential applications in food supply chain management in blockchain. As per the stats provided by Research and Markets, the global market size of blockchain in the agriculture and food supply chain is around USD 133 million in 2020 and is estimated to reach over USD 948 million by 2025.
Benefits of Blockchain in Food supply Chain Traceability Transparency Quality Control Blockchain supply Blockchain in food Tracefood facilitates chain helps to track supply chain food companies and the source of management helps consumers to find out contamination in to record and where the food items the food items and monitor data on the are produced, how also to identify food product quality they are solutions by finding control procedures manufactured. the root causes of across various stages problems. in the supply chain.
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