While blockchain technology has been around for more than a decade, its popularity caught fire with the rapid rise of cryptocurrencies. However, the food and beverage industry has been slow to adopt it, particularly in the supply chain.
Every year, one out of every 10 people around the world gets sick, and even worse, hundreds of thousands die. Where blockchain can help is in tracking the source of an outbreak throughout the supply chain—from the farm to the shipper to the carrier and finally reaching either a restaurant or a store’s shelf. Having the ability to track the source of food all the way back to its roots can go a long way for improving food safety.