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From source to stomach: How blockchain tracks food across the supply chain and saves lives
Key Excerpts from Article on Website of World Economic Forum
Posted: March 6th, 2025
https://www.weforum.org/stories/2024/08/blockchain-food-supp...
Efficiently run food supply chains can positively impact communities and lives across the globe. Real-time tracking supports sustainability, prevents food waste, and ensures compliance with environmental, social and governance (ESG) standards. Communication throughout the supply chain can help producers earn fair compensation for their efforts. Traditional approach to food supply chain management face challenges to efficiency, security and transparency. The consequences can be dire, from food waste to death by contamination. Blockchain technology can provide much-needed transparency, traceability and privacy, as well as co-ordination across disparate parties, enabling greater food access and quality improvements across the global supply chain. Built on a blockchain backend, Silal Fresh adopted a comprehensive traceability solution that utilizes consumer apps, a web-based dashboard, and integration with existing supply chain management systems. This significantly improved identifying and flagging delays in their deliveries, as well as increased satisfaction, trust and brand loyalty. They even added tracking to each piece of produce so that a consumer could pick up a vegetable, scan a QR code, and see that food item's journey. Ultimately, increased transparency and traceability can save lives. With improved traceability, food recalls can happen faster, and the source of contamination can be determined quicker.
Note: Our latest video explores the potential for blockchain to transform society for the better. Explore more positive stories like this on technology for good.
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