How Blockchain Can Boost Food Safety
Blockchain can be a useful means of securing the food supply chain to mitigate food safety issues.
Blockchain can be a useful means of securing the food supply chain to mitigate food safety issues.
Food is essential to sustaining our lives and keeping us vibrant and healthy. Its freshness and purity are critical for our health. Yet, a single food borne illness can spread sickness, dent a company’s profits and tarnish its reputation.
Food is essential to sustaining our lives and keeping us vibrant and healthy. Its freshness and purity are critical for our health. Yet, a single food borne illness can spread sickness, dent a company’s profits and tarnish its reputation.
The threat is real. The Center for Diseases estimates that every year 48 million Americans get sick, 128,000 are hospitalized, and 3,000 die from food borne illnesses. Food Safety Magazine documented 622 food safety recalls worldwide due to contamination, at an average cost of to the company of $10 million.
Key learning objectives:
- Why the food supply chain has become more vulnerable to contamination
- The regulatory mandate that keeps food supply chain managers up at night
- How blockchain compares to ERP and traditional supply chain management technology
- The four ways blockchain can drive value in the food supply chain
- How companies can use blockchain now to enhance food safety and run more efficient supply chains
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