GEAB 129
The Food Blockchain
Waste, traceability requirements, increased food risks, decentralised production, the costs of this global food-industry, consumer prices: Consumers and industry players are becoming increasingly demanding about transparency within the agri-food sector, the origin and composition of products and the processes involved in their transformation.
Manufacturers, producers, suppliers, distributors and consumers: We are living in a data-sharing era of transparency, offering us the possibility of tracing the entire journey from production or breeding through processing to distribution, in order to strengthen legislation and reinforce protection against health risks and cost and price appreciation. Blockchain technology streamlines the handling of all of these concerns. Large corporate groups like Carrefour[1] or Walmart, whose banners are distributed throughout the world, have already embarked on this course. The highly fragmented global market allows for the development of multiple blockchain proposals in this domain and their market is expected to reach $1.4 billion by 2028.[2]
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