The food industry is a large, complex and global collective of businesses that is crucial for the world’s population. The food industry consists of agriculture, manufacturing, marketing, food processing and many other things. The food industry implements various technologies, including biotech, fintech and IT. The food industry is already implementing blockchain for supply chain management and automated data collection systems. Cryptocurrencies are also an important part of the future of the food industry. Today, one can buy and order food with Bitcoin on various sites and services. Bitcoin-accepting food delivery services are a part of today’s food infrastructure too. Young food start-ups can also implement cryptocurrencies into their business structure to gather funding through an ICO or to make a smart contract-based purchasing process.
The USDA’s Agricultural Marketing Service is proposing the department utilize DLT to trace the supply chain of organic products.
USDA Proposes Blockchain Ledger for Organic Product Supply Chain
The VeChain Foundation announced a blockchain-based food safety solution based on its Blockchain-as-a-Service platform, ToolChain.
VeChain’s Latest Blockchain Application Makes Food Safer
The COVID-19 pandemic has highlighted challenges in global seafood supply chains, and blockchain tech may help improve them.
Tracing Fishy Risks With Blockchain Tech Amid the COVID-19 Pandemic
The IOHK and BeefChain partnership will trace beef from ranch to consumer, fighting beef fraud and improving food security.
IOHK and BeefChain Team Up to Answer ‘Where’s the Beef?’
The U.S. Food and Drug Administration has announced it will study blockchain technology to aid in smarter food security.
US FDA Considers Blockchain for Food Security
Smucker will use a blockchain to trace Colombian coffee beans while letting consumers make donations to coffee farmers in Colombia.
J.M. Smucker Uses IBM Blockchain to Trace Coffee Beans for 1850 Brand
The World Economic Forum believes that blockchain could contribute to a $365 billion savings by 2030 by reducing food loss and waste in the food supply chain.
Blockchain Could Help to Boost Global Jobs Creation