agri-food sector blockchain

Agribusiness revolution with the blockchain innovation

29 November 2023

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The agri-food sector is one of the central elements of the global economy, responsible for the production, distribution and supply of food to millions of people around the world. However, this sector faces significant challenges, including traceability, food safety and transparency in the supply chain. In this context, blockchain is emerging as a revolutionary technology that can transform the way we manage and guarantee the quality of the foods we consume.

Traceability from farm to table

The blockchain is a form of decentralized digital register that allows safe and transparent recording of transactions. In the agri-food context, the blockchain can be used to track the path of food products along the entire supply chain. From sowing to harvesting, from processing to distribution, every step is permanently recorded on the blockchain.

This traceability offers many advantages. In the event of a food emergency or contamination, the source of the problem can be quickly identified, minimising the impact on public health. Consumers, on the other hand, can easily access information on the origin and quality of food by simply scanning a QR code on the packaging.

Ensuring food safety

Food safety is a priority concern, and blockchain can play a key role in ensuring that food reaches the final consumer without health risks. Immutable blockchain logging prevents data manipulation, ensuring that food safety information is accurate and verifiable.

For example, in the case of organic products, the blockchain can track the entire production process, from the type of fertilizers used to the date of sowing and the management of crops. This information can be easily verified by certification bodies and consumers themselves, helping to maintain the integrity of the organic sector.

Improving efficiency and transparency

Blockchain can also improve operational efficiency in the agri-food supply chain. By automating recording processes and sharing data in real time, you can reduce event response times and improve information accuracy. This leads to greater trust between the actors in the supply chain and encourages greater collaboration.

In addition, the implementation of blockchain improves transparency at every stage of food production and distribution. All actors involved, from farms to distributors, have access to the same information, reducing the risk of fraud and unfair commercial practices. This increase in transparency can also be a competitive advantage for companies looking to demonstrate the quality and ethics of their products.

The example of Italy with trackit blockchain

Trackit blockchain debuts in Italy, the initiative of the ICE Agency designed to offer Italian small and medium-sized enterprises (SMEs) a cutting-edge tool to promote the clarity and authenticity of their production chains.

A tangible opportunity for companies operating in the agri-food sector, which will have new means available to enhance ethical and sustainable production practices, thus gaining a stronger competitive advantage on the international market, in particular by combating unfair competition. Through the adoption of blockchain technology, manufacturers will be able to transparently disseminate crucial information regarding each stage of the production process, involving consumers and making them aware of the entire supply chain.

Other projects

  • IBM Food Trust: IBM Food Trust is a blockchain-based platform that aims to improve transparency and efficiency in the food supply chain. It allows the complete traceability of food products, from cultivation to distribution. Large companies like Walmart and Carrefour have adopted this platform to ensure the quality and safety of their products.
  • Walmart China and VeChain: Walmart China has partnered with the blockchain platform VeChain to track the supply chain of various food products. Using VeChain’s blockchain technology, consumers can access detailed information about the provenance and quality of products purchased.
  • Provenance: Provenance is a blockchain-based platform that focuses on food supply chain transparency. This platform gives consumers access to detailed information about the production, processing and distribution of food products, helping fight fraud and ensure sustainability.
  • Ripe.io: Ripe.io uses the blockchain to track and authenticate the origin of foods. The platform provides real-time information on the supply chain, including data such as climate conditions, cultivation methods and transportation, providing a complete and transparent view of food production.
  • TE-Food: TE-Food is a project that uses blockchain to improve food traceability, especially in the meat and dairy industries. The platform allows consumers to access detailed supply chain information through the use of apps and QR codes.
  • AgriDigital (Australia): AgriDigital uses blockchain to simplify the agricultural supply chain, providing complete traceability from producer to consumer. The platform manages digital documentation and financial transactions securely and transparently.
  • Te-Food (Hungary): Te-Food is a global project that uses blockchain to track the food supply chain, with a focus on meat and dairy production. This platform provides information on the provenance of food, ensuring food safety.
  • Bext360 (USA, Africa): Bext360 uses blockchain and artificial intelligence to track cocoa from cultivation to chocolate production. This project aims to ensure sustainability and justice in the cocoa supply chain.
  • FruitsChain (Malaysia): FruitsChain uses blockchain technology to monitor the food supply chain, especially fruits and vegetables. The platform offers transparency on the origin, quality and storage conditions of products.
  • Olam Farmer Information System (Singapore, Africa): Olam International has implemented a blockchain-based solution to track the production process of various agricultural products, improving transparency and giving consumers access to detailed information on the supply chain.

SOURCE: AgroNotizie
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