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Ask most people about the blockchain and will probably be familiar with how the disruptive new technology promises to make traditional ledger-based operations obsolete, replaced by digital registers. Titles abound and announce how blockchain technology will revolutionize financial services markets, which are burdened by cumbersome paperwork and expensive proprietary software applications.
However, not everyone knows that the movement towards the development of the blockchain has direct roots in the erosion of confidence that has grown with the financial crisis of 2007 and 2008 exploded worldwide. Blockchain allows people to securely record transactions via a decentralized platform without a lot of intermediaries. Because of the benefits that can lead to the process of tracing food sources, it also promises to have a transformative impact on safety and responsibility in the food industry.
The evolution of blockchain leads directly to a crisis of confidence and many companies are working on blockchain solutions that will increase confidence in the food sector and improve food security. Katy Jones, CMO of food traceability company FoodLogiQ recently he spoke with The Spoon on the theme of Romaine's lettuce contaminated by California. "[Blockchain has] potential to be a transformation method to open transparency in the food supply chain, "he said." However, he also noted that without data based on a common standard and supply chain partners committed to gathering and reporting on such data, blockchain from it will not solve all the problems.
In other words, just as security experts often point out that security is largely a problem for people, the promise of blockchain will only be met if people join. This is exactly what some new companies are focusing on. For example, Ecogistix is launching blockchain solutions that work directly with farmers to provide the kind of traceability of products that could quickly reduce the Romagnola lettuce disaster in California. Solutions provide orderly inventory monitoring, order management and order fulfillment. With them, farmers can track and manage teams working in the industry and in warehouses, so that Ecogistix can track teams that have actually packaged specific cases. The Ecogistix technology also meets the It produces the traceability initiative requirements for labels for boxes and pallets that integrate with blockchain.
Consumers are not the only people to benefit from it. Many blockchain experts agree that farmers have everything to gain by opting for blockchain solutions. In a recent interviewSandra Ro, CEO of the Global Blockchain Business Council, said blockchain technology could put more money into farmers' pockets and improve food quality.
Furthermore, standards for blockchain and food traceability initiatives are emerging. Schemes of Produce Traceability Initiative (PTI) 7 milestones to implement case-level electronic traceability in the product industry. On its website, companies can find the tools and resources necessary to implement PTI requirements and to work successfully with blockchain technology. PTI relationships one The blockchain traceability and transparency pilots are now underway with Walmart, Kroger, Wegmans, Dole, Driscoll & # 39; s and IBM and "demonstrate the value of traceability across the chain".
Ripe.io it is another company that alters the trajectory of the food system through blockchain technology and the Internet of Things. The mission of the company is to "[design] a radically transparent digital food supply chain, [harnessing] quality food data to create Blockchain of Food – an unprecedented food quality network that maps the journey of food to respond to what is in our food, where it comes from and what has happened. "The company focuses on the problems of the people needing to be solved and its technology connects manufacturers, distributors and consumers, with it, farmers can leverage the IoT and sensors to automate processes and deliver the full procurement responsibility.
Just as the blockchain itself has arisen from the ashes of an inflammatory crisis of confidence surrounding a global financial crisis, its promise for the food industry is directly linked to the fact that farmers, retailers, consumers and more groups are aligned. TO 2018 Smart Kitchen Summit panel, executives from ripe.io and Walmart discussed the promise of blockchain in the food industry, food safety and what groups of people need to connect to make blockchain solutions work. Watch the video to listen to the whole conversation.
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