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Blockchain technology to revolutionize the food industry
One of the hallmarks of blockchain technology is the creation of trust. Regardless of the industry in which it is applied, blockchain technology creates a reliable transaction environment. Increases transparency and accountability in the food supply chain making it almost impossible for food producers to mislead consumers. A blockchain-based platform can be used to create a more accurate version of typical food labels. You will be able to tell if a product is genetically modified or does not use this technology.
The healthy eating campaign can not be underestimated. Now, more than ever, people try to improve the quality and duration of their lives by making healthy food choices and creating time to train. Reading a & # 39; label is one of the recommended ways to avoid eating genetically modified food. However, statistics have shown that about 82% of Americans who eat healthy are not sure about the claims and accuracy of food labels.
While the claims are not always false, food producers can replace words to make it confused. For example, rather than using a word like "genetically modified", they can use a word like "bioengineering". Both words mean the same thing, but a consumer who is looking for the word "genetically modified GMO" may not take note of the word "bioengineering". In some cases, the word may not be written completely but represented by an & # 39; icon.
Blockchain technology will make the food labeling process explicit. It is fast and effective and accessible to anyone. Using blockchain technology, food production brands can develop certified labels that will create consumer confidence through transparency.
Blockchain technology is already used in the food supply chain
Carrefour, a European retail giant, is also working on a blockchain-based system for supply chain monitoring. While the project is currently limited to certain products, the company has announced its plans to extend it to all of its products.
Many other large companies are exploring blockchain technology in the food supply chain. Creating blockchain certified labels is a step in the right direction. It will minimize or eliminate confusion in the sector. With blockchain technology, there will no longer be a need for multiple labels on a single product. Over time, other companies will join the trend. This would increase the mass adoption of blockchain technology.
