ENHANCING AGRICULTURAL SUPPLY CHAIN

Blockchain technology allows goods and individuals to be tracked from their origin throughout the supply chain based on real time. The blockchain technology also gives all supply chain operators the ability to know what was done at what time and by whom. The distribution of the blockchain network promotes transparency and tracking of goods and services in a supply chain. These capabilities require accurate data collection and secure storage for reliable data tracking.

Blockchain technology allows critical information about the farming, production, transport of agri-commodities to be immutably recorded. Attaching this data to the digital asset enables it to move securely between participants along the supply chain. With the power to trace commodities and create data rich digital assets, the growing problems of food fraud and security across global agri-supply chains can be addressed with greater success.

Using blockchain-based platforms, supply chain participants can report emerging issues in real time. Due to its characteristics of transparency, security and decentralization, blockchain technology makes it possible to track the information about food quality in the entire supply chain.

Supply chain management is just one of the use cases where blockchain is being recognized as a new and powerful solution. As total visibility and verifiable authenticity become increasingly valuable commodities in the modern world, blockchain will continue to grow in its role as a ledger of indisputable truth. The Blockchain offers up a host of unique capabilities that make it a perfect fit for supply chain management. It offers the capability to record every transaction with absolute certainty, and it provides accurate, real-time tracking for every item in your entire supply inventory.

Most importantly, it creates a level of trust and transparency that simply could not exist previously in supply chain management.