Blockchain technology helps to achieve Sustainability goals
The United Nations established 17 global goals in 2015 to tackle poverty, inequality, environmental degradation, and other issues by 2030. These Sustainable Development Goals (SDGs) reflect unprecedented worldwide collaboration in human history.
Rethink, Reimagine and Reinvent Using Blockchain In Food Supply Chain
Rethink, Reimagine and Reinvent Using Blockchain In Food Supply Chain
Blockchain: Disrupting Every Link of the Food Supply Chain
Not since the move from iceboxes to refrigerators has the food supply chain seen a positive disruption. Changing the way that we purchase, consume and understand food will take 21st-century technology.
GDPR-Compliant Blockchain: Personal Data Privacy in Blockchain
GDPR (General Data Protection Regulation) was enforced by European Union (EU) on 25 May 2018 with the main purpose of giving full rights to a person to whom the data belongs to. These rights include right to access, right to rectification, right to erasure, right to restriction of processing, right to be informed, right to data portability, and right not to be subject to a decision based solely on automated processing including profiling.
Protecting the Food Supply with Blockchain
The promise of new technologies like blockchain—applied to such an essential aspect of daily life as the food supply—is both exciting and a good reason to look to the future with hope.
Consumers Want Supply-Chain Transparency. Are Food Brands Listening?
Sixty percent of global consumers cite sustainability and social responsibility as essential considerations when choosing which products to buy. They look to their preferred food brands to make the best decisions, but are those companies looking out for their consumers’ best interest? The answer varies from company to company.
Supply chain challenges and how blockchain technology can help overcome them
Supply chains are complex contraptions, with many middlemen and intermediaries. A customer simply paying a supplier is often a complex undertaking, requiring the use of electronic data interchange (EDI) by both parties. Likewise, it’s easy to overpay on invoices without full-fledged freight settlement.
Could Emerging Technologies Be a Solution to Combat the Massive Food Recall Problems?
Sadly food recalls have become a norm and increasingly consumers are getting immune to the recall announcements! Fact check-in 2018 alone, there were 125 food-related recalls that included more than 20 million pounds of food being recalled according to the United States Department of Agriculture.
Combatting Food Supply Chain Challenges with Blockchain and IoT Integration – A powerhouse amalgamation scaling business processes and systems.
A report by Cointelegraph Consulting and VeChain forecasts that it will be possible to trace $300 billion worth of food items in the supply chain within seven years, and could save $100 billion a year. The food supply chain has been long witnessing continuous pressure to enhance its processes to address
How is Blockchain securing digitized tracking and tracing?
Supply chains today are complex, globe-spanning, and multi-stakeholder systems. As the chain grows longer, tracking the current location of products and tracing and verifying their sources is increasingly tough.