According to the Japan Times, the food industry is turning to technology similar to the technology used in the virtual currency system to enhance food safety. This technology allows different parties in the supply chain to use individual codes for merchandise to track meat, fish, farm produce from farm to fork, share details of slaughtering dates or cashew nuts. Weather conditions at the time of harvest. Data collected will be transmitted straight to a dedicated platform, and can be stored via smartphone imagery. The blockchain system also has the ability to combat fraud, misallocations and inventory management.
US retail giant Wal-Mart is testing blockchain technology for American mango and pork from China. “I see the so-called digital food system very potential. The advantage of blockchain technology is that all source information is immediately updated, and the parties have access to the latest information. For companies, this technology allows for identifying the source of the problem faster, “said Frank Yianmas, vice president of food safety at Wal-Mart. Investigators working under the paperwork took two weeks to determine the source of the bad quality spinach in 2006.
Danish shipping operator Maersk also tested blockchain technology for container shipments between Kenya and the Netherlands, and it is estimated the technology could save billions of dollars by eliminating fraudulent shipments.
Blockchain advocates have also particularly advocated the adoption of this technology in food safety and hygiene battles, especially as concerns about genetically modified (GM) crops and foods with artificial ingredients are increasing. donate. The reason is that transparency is enhanced as consumers can directly search for, identify information about food sources.
But not only in the food industry, the underlying technology of the virtual currency system is also accepted by companies in the jewelery business, especially diamonds, to avoid buying diamonds. Land conflicts, war. “Our goal is to provide transparency in every step of the diamond journey and ultimately change the way we trade diamonds globally,” said Leanne Kemp, CEO of Everledger. Watch the diamonds from the mines until they are shipped to jewelers in the UK.
However, according to experts, the large-scale blockchain technology system will require a lot of effort, investment and interoperability as well as understanding among stakeholders.

(According to thanhnien.vn)