The blockchain advantage: Benefits along the food value chain
All segments of the food value chain win with blockchain
Blockchain has become a major buzzword in the food and beverage industry. According to a recent RSM survey, 95 percent of food and beverage chief financial officers (CFOs) say blockchain is important, but why? Blockchain isn’t just about compliance, but can benefit all actors along the food value chain in various ways. For example, it helps companies keep up with today’s changing consumers. Consumers want to know exactly where their food comes from beyond what the label says—is the product actually “organic,” “farm raised,” or “all natural”?
In addition, what truly differentiates blockchain from other technology solutions is its design, which provides immutable verification in a network where not all actors trust each other. This valuable feature identifies accurate sourcing, mitigates fraud and enables better confidence among all partners and consumers.
Below we break down the various benefits that blockchain provides for every segment of the food value chain.
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