Food supply chain PPT
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The document discusses how blockchain technology can transform the food supply chain by enhancing traceability, transparency, and reducing fraud. It explains the operational mechanisms of blockchain in managing food-related transactions and emphasizes its benefits in ensuring food safety and quality. The global market for blockchain in the food sector is projected to grow significantly from $133 million in 2020 to $948 million by 2025.
Food supply chain PPT
- 1. How Blockchain will revamp the Food Supply Chain Blockchain in Food supply chain
- 2. Food supply chain involves every process from the production of raw materials for food to the delivery of the processed food to the end consumer. The food passes on from the farmers to the manufacturers, distributors, retailers and consumers and on the other hand, the cash flow takes place the other way round. Food Supply chain
- 3. Blockchain Blockchain can solve various problems faced by the food industry by enhancing traceability, transparency, immutability, and decentralization. Blockchain in supply chain management facilitates the incorporation of logistics and financial services.
- 4. How Blockchain works in the Food Supply Chain ?
- 5. ● Blockchain stores all food supply chain transactions and events on a distributed ledger ● Every block carries a batch of transactions validated based on the pre-defined consensus protocol. ● The data on food origin and movement across the supply chain are carried out by the food suppliers. The manufacturing processes and added food product ingredients information are provided by the Food manufacturers. ● The food supply chain activities are traced by the distributors to ensure responsible sourcing practices, food product quality, and safety. How Blockchain works in the Food Supply Chain ?
- 6. Blockchain
- 7. ● The adoption of blockchain technology can easily change the conventional ways of doing business (buy, sell and make transactions). ● It eliminates the chances of fraud and duplication by the mediators or intermediates. ● It features cryptographic security measures that provide ease of exchanging contracts and agreements to track payments. ● The technology in the food industry ensures traceability, transparency and tamper resistance creating trust among actors including farmers, consumers, suppliers, and retailers. Importance of Blockchain in the Food supply chain
- 8. Traceability Food traceability is one of the key factors to consider in food safety, especially with innovative blockchain applications. Blockchain technology helps to get detailed information about food products. Blockchain in food supply chain management helps to boost efficiency in ownership and licensing. How Blockchain Benefits the Food Supply Chain Transparency Tradability The blockchain helps to record and display the data publicly and also has the potential to track ownership records and tamper-resistance. Here are some of the benefits of blockchain in the food supply chain.
- 9. Tracefood
- 10. “At Trace Food, we facilitate seamless and effective management of food supply chain with inventive blockchain solutions devised by leading blockchain developers. We strive to set fresh paradigms in the fresh produce industry with our progressive Blockchain deliverables” Tracefood
- 12. Provenance tracking of the food products is now a cakewalk as blockchain records every minute detail right from the production phase to the delivery of the food products to the consumers. Say for instance, No fraudulence activities happen in the food supply chain under the guard of blockchain. The superfluous technology fetches the proof of ownership as the food products pass through the hierarchy. As Blockchain is an immutable and decentralized network not manipulated by anyone in particular, every stakeholder of the food supply chain counts it as a reliable source. Food Traceability Food Safety Improved Trust What Tracefood can Do ! Marketplace Creation Incorporating blockchain effectively ends the production of contaminated food. By getting rid of fraudulent goods, the food supply chain improves in quality.
- 13. Global Blockchain Market Info in Food Supply Chain ● The global market size of blockchain in the food supply chain in 2020 is around USD 133 million and is estimated to reach USD 948 million by 2025. ● During the forecast period, there will be rapid growth in CAGR of 48.1%. ● The blockchain market in the food industry is expected to grow more owing to an increase in the demand for transparency in supply chain operations.
- 14. Scan the QR code or link below to download the tracefood app to scan the showcased product Tracefood Mobile app https://play.google.com/store/apps/details?id=app.shamlatech.qrscanner
- 15. Do you have any questions? info@tracefood.io +(203) 446-3590 https://www.tracefood.io Thanks!