Abstract
This paper explains about the feasibility of Blockchain Technology in food organization. The technology of BCT helps the organizations to achieve integrity among peer-to-peer nodes, such as maintaining proof of work, reducing intermediaries, traceability, etc. It can be applied in the BCT at different levels of Supply Chain Management processes. This empirical study was conducted with the help of the primary data. The data was collected from food industry managers who have knowledge about the BCT in the process of supply chain management. The questionnaire was prepared based on the different supply chain activities like procurement, pre-processing, logistics, warehousing, inventory management, distribution, retailing, processing, and marketing activities. Based on the literature and data analysis, the BCT had the greatest advantages are cost reduction, traceability, time-saving, immutability, authentication and proof of work. The major weaknesses that are associated with present employees having a lack of knowledge, limited scalability, complexity in usage, and high initial cost.
Highlights
India is the world’s largest agricultural processor and food ingredient provider in the world
The food is distributed from the farmer to end-user, customers, and managing the supply chain with different stakeholders is nothing but food supply chain management (Verbeke, 2005)
Based on the literature review, we have identified six factors that influence the company to adopt the Blockchain technology in the food industry are trustworthiness, integrity in distribution, cost reduction, traceability, proof of work/ content/ payment, timesaving and immutability
Summary
India is the world’s largest agricultural processor and food ingredient provider in the world. Keywords Blockchain Technology, Food Sector, Supply Chain Management
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