Consumers have good reason to worry about the frailty of the global food supply chain. This is not because of lack of food, but because—as we’ve recently seen—supply-chain breakdowns can drive up prices. Logistical hold-ups, factory closures, climate change and labour shortages in the agriculture and agri-food sectors create a domino effect that strikes all levels of the system.
As this crisis worsens, with no end in sight, food-industry juggernauts like Walmart Canada are experimenting with ways to increase efficiency using blockchain, a technology whose reputation tends to be shrouded in the hype over cryptocurrency.
These applications have nothing to do with Bitcoin, and everything to do with increasing the level of safety, transparency and traceability of food from farm to table. Even though these applications are still in the early stages of development, pilot projects have been promising enough that blockchain aficionados envision a future where—similar to the internet—it could be hard to imagine life (and food) without it.
Continue reading: https://www.macleans.ca/economy/how-blockchain-could-revolutionize-food-supply-chains-and-lower-your-grocery-bill/
As this crisis worsens, with no end in sight, food-industry juggernauts like Walmart Canada are experimenting with ways to increase efficiency using blockchain, a technology whose reputation tends to be shrouded in the hype over cryptocurrency.
These applications have nothing to do with Bitcoin, and everything to do with increasing the level of safety, transparency and traceability of food from farm to table. Even though these applications are still in the early stages of development, pilot projects have been promising enough that blockchain aficionados envision a future where—similar to the internet—it could be hard to imagine life (and food) without it.
Continue reading: https://www.macleans.ca/economy/how-blockchain-could-revolutionize-food-supply-chains-and-lower-your-grocery-bill/
