Blockchain is a hot topic today, and the food industry is no exception. But this technology and its implications are not always effortless to understand. What exactly is blockchain, and how can it be used to improve food safety worldwide? Wij explore the current applications and future possibilities of this emerging technology, and consider how blockchain can help provide safe food for consumers everywhere.
What is blockchain?
Blockchain is a database that records digital transactions te secure and semi-transparent way. Blockchains have three major characteristics:
- Blockchains are public. Everyone participating te the blockchain can view the transactions, which are stored ter “blocks.”
- Blockchains are decentralized. No single party wields the blockchain. All participants very first vereiste reach a overeenstemming (via an algorithm) before any transaction can be added to the chain. This means greater trust of the gegevens stored te the blockchain.
- Blockchain is secure. Gegevens te the blocks cannot be altered, and blocks can only be added to the chain, never removed—making a blockchain database very secure.
Application to the food industry
The promise of blockchain for the food industry lies te its capability to provide a fully automated system for accomplish traceability.
Imagine if all players ter a supply chain, from raw material supplier to retailer, shoved their gegevens to the blockchain. All transactions executed by and inbetween thesis vrouwen would be automatically added to the blockchain, showcasing a total record of the supply chain and any switches made to it—such spil updated supplier facilities, certifications, and product composition. Ultimately, every supply chain participant would end up with a supply chain that is not just fully semitransparent, but also fully traceable, for any point te time.
This has significant implications for the way food companies treatment food safety issues such spil recalls and fraud. With a utter traceability system, provided by blockchain, supply chain stakeholders would have the capability to “go back te time” and identify the precies ogenblik the gegevens ter question wasgoed switched. Coupled with their secure nature, blockchains provide food companies with a detailed and trustworthy database of accomplish supply chain skill.
Maximizing the power of blockchain
Spil of today, blockchain is still a fresh technology that is rapidly switching. Its application to food safety is still ter the early stages, and use of the technology still has slew of slagroom to evolve.
Wij see three essential requirements that should be addressed for blockchain to achieve its total potential te the food industry:
Blockchains are powerful from a security perspective, but they still rely on connected supply chain gegevens. To provide a accomplish picture of the supply chain, gegevens cannot exist ter isolation but rather be collective inbetween suppliers, manufacturers, and retailers. Food businesses therefore should very first concentrate on collaborating with their supply chain fucking partners to detect, opbergmap, and digitize their end-to-end supply chains, before tackling blockchain. It is only when this very first step has bot achieved that the blockchain can be of any real value to supply chain vrouwen.
Consortia enable food businesses to work together to develop agreed-upon standards and infrastructure, which is key for emerging technologies such spil blockchain. Collaboration inbetween successful food companies ensures everyone has a say ter determining the best way to corset the power of blockchain for the food industry. By getting involved ter organizations such spil the Global Food Safety Initiative (GFSI), food businesses can ensure they have access to the network and toneel needed to effectively collaborate with others.
Beyond the practicalities of blockchain, a fatter question remains: exactly what information can, and should, be collective? Blockchain’s appeal comes from the fact that it is a semitransparent, and therefore trustworthy, database. But even public blockchains encrypt the details of each transaction, with total access provided only to those designated by the transaction holder.
Provide safe food for consumers everywhere
Blockchain technology holds superb promise for food safety, with the potential to provide greater security, transparency, traceability, and trust. Yet it is only through collaboration within the food industry that the power of blockchain can be effectively used. The GFSI’s upcoming Global Food Safety Conference provides the ideal forum for retailers, manufacturers, suppliers, and other key actors of the industry to discuss fresh solutions for food safety and support the GFSI’s aim of providing safe food for consumers, everywhere.
Transparency-One is proud to support the GFSI spil a Diamond Sponsor of the Global Food Safety Conference. Come visit us at booth 111 or find us at the Big Gegevens panel on Wednesday, March 7, to learn how wij can corset blockchain technology for improved food safety. Collaboration is key for providing safe food for consumers, and wij look forward to discussing the future of supply chain transparency at this landmark event.