Blockchain in Food Supply Chain

Abstract

Blockchain as we all know has captured interest all over the world. Because of its features like decentralization, enhanced security, and distributed ledgers its application is increasing day by day. Ever since the Vegan and PETA movements have taken strong grounds for questioning the production of food and the conditions they are kept in, the customer has gotten deeply involved and wants to know every step that takes place to make the food they eat. This has led agribusiness to seek supply chain management software to improve food safety, food quality, and traceability throughout the agricultural supply chain. Blockchain is changing the concept of trust here. Using blockchain for the supply chain makes the agricultural business easier and more transparent to monitor products from farmland to store, as well as decreasing financial risks and promoting inclusive trade. The suggested framework method eliminates the requirement for a trusted centralized authority, intermediates, and transaction records, allowing for a more transparent and direct interaction between peers. We are taking data/transactions from every step in the production cycle and storing it gradually on blocks as we go while using the features of blockchain to make everything more secure. We are also making sure that the peers involved have all the information regarding the transactions making it decentralized enabling a peak level of transparency and traceability in the supply chain ecosystem in a solid, reliable, and well-organized manner.