How blockchain technology provides effective supply chain experience
The growing number of food fraud cases is a driving factor in growth of blockchain technology.
Regardless of the level of economic development, consumers worldwide are constantly involved in the transfer of value. This transfer of value enables people to trade goods and service and accumulate productive capital and savings.
That’s why the overall blockchain in agriculture and food supply chain market is projected to grow exponentially stronger at a CAGR of 47.8% to reach $429.7 million by 2023 from an estimated value of $60.8 million in 2018, according to research conducted by MarketsandMarkets, Northbrook, Ill.