Blockchains: Bitcoin Tech Could Increase Trust In The Food Supply
If the food industry is not in crisis, it certainly contains an increasing level of complexity and associated risks. A recent analysis suggested 50% of US food production is wasted, with global estimates above 30%.
Retailers want perfect produce, leading to wastage occurring throughout the food supply chain. They also seek low prices, leading to industrialization of processes.
Food scares such as mad cow disease (BSE) and cross contamination mean many consumers have less trust in their food, increasingly seeking information on authenticity and production practices.
Over 80% of antibiotics…