Cryptoworld: CIBUS-Food Ecosystem On Blockchain

CIBUS

https://www.cibus.world/

The apples on the grocery shelf look bright-red and yummy, but while buying do you have any authentication that these apples are firm-fresh and absolutely safe to eat? If you could have traced the details of the firm where from these apples were grown, how it was handled, packed, and put on transit, besides taste, the info could have added extra layer of confidence on your food quality as well as it would have added improved transparency in food supply chain, which could have improved food safety. That exactly Blockchain technology does for food safety and besides transparency full proof authenticity is implemented in the whole firm-to-fork process.

How block chain technology works

Block chain-based technology solution reserves the potential to convert the food industry by directly integrating food-growers, processors, distributors, suppliers, and retailers with a shared and incontrovertible view of their business-deal history.

Blockchain holds an undeviating record of business transactions which are locked and grouped in blocks, which cannot be modified. It can be used as a substitute to conventional paper tracking and manual inspection arrangement. Manual inspection and manually kept records can be modified and it may get infested with vulnerability and inaccuracies in food supply chains but block chain records cannot be altered and tampered.

How blockchain complements food traceability

When blockchain technology is applied to the food supply chain, digital product information such as farm details, product batch numbers, factory details, food processing data, food expiry dates, storage temperatures, and shipping details are kept digitally integrated to food items. The information is entered into the blockchain which will ensure its accuracy and authenticity. Consumers can trace the authenticity of the food products.

The information accumulated in each transaction will be approved by all members of the network; once there is an agreement, it will be turned into a lasting record that can’t be modified. Each piece of information contains critical data that could reveal food safety issues related to the specific product. The record generated by the blockchain can help food retailers to manage the shelf-life of products in different stores, and promotes food authenticity and peace of mind for the consumers

Blockchain has already been started to perk up collaboration, trust, and transparency across the food industry and surely it is going to increase the traceability and safety of food products. That is why it rightly said that the relation between blockchain and food safety is made in heaven and they are complementing each other in the most unadulterated approach.

How food-transparency is boosted by Blockchain

Across the ecosystems, business model enabled by blockchain can bring reinforced trust and transparency. Regardless it is individuals targeting to complete transactions concerning several parties, or an enterprise working in partnership across multiple silos — anywhere if there are documents or transaction data required to be established, matured, substituted, signed or authenticated, there are points that can be eradicated to undo greater economic worth using blockchain technology.

Modifying the future of food safety

Food is a multi-trillion-dollar industry, so using blockchain based food safety system across the industry cannot take place overnight. But with the introduction of blockchain empowered trade and retail system the standard of food industry can be more filtered and improved in terms of food safety.

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