Blockchain in Food Supply Chain: Benefits, Challenges and Review

Abstract

Abstract: Blockchain technology has the potential to revolutionize the food supply chain by increasing transparency and traceability. With blockchain, every step of the food supply chain can be recorded and verified, allowing for greater accountability and trust between suppliers, manufacturers, distributors, retailers, and consumers. This study inclines towards the study of blockchain technology in use with food supply chain management. It also mentions the advantages and barriers to use this technology. To better comprehend the development of pertinent study and shed light on the benefits, issues, and difficulties with blockchain technology, there has been a review of the literature and an logical assessment of the supply chain exploration based on blockchain. Several intermediaries, trust issues, and subpar performance are all factors in traditional supply chain operations. Supply chain operations may be disrupted utilizing blockchain technology to enhance performance, disperse governance, and automate procedures. From the standpoint of literature analysis, this study contributes to our understanding of blockchain applications in supply chain management and offers a roadmap for these applications.