Blockchain Technology in Animal Trade Revolutionizing Accountability and Traceability for Ethical Practices

1. PRESENTATION ON
Presented by: TC-11
VISHWJEET KUMAR CHOUDHARY
VIDHIUTSAV CONFERENCE
2024
Revolutionizing Accountability and Traceability for Ethical Practices
ASSAM UNIVERSITY, SILCHAR

2. Blockchain is a decentralized, distributed
ledger technology that enables secure and
transparent record-keeping. It uses
cryptographic techniques to ensure the
integrity and immutability of data.

3. Blockchain is a decentralized, distributed ledger that records
transactions across multiple computers, ensuring transparency
and security.
Each block in the chain contains a cryptographic hash of the
previous block, making the data tamper-proof and immutable.
Blockchain enables the use of smart contracts, self-executing
contracts with the terms of the agreement directly written into code.

4. Blockchain provides a transparent and traceable record of
transactions, enhancing accountability and reducing the risk
of fraud.
The decentralized nature of blockchain ensures that data is
secure and trustworthy, reducing the need for
intermediaries.
Blockchain technology allows for global accessibility,
enabling stakeholders to access real-time data and
information.

5. Blockchain can provide immutable records of animal transactions,
enabling stakeholders to track the origin and movement of animals.
It also facilitates transparent audits and ensures trustworthy
certifications.

6. The animal trade industry is plagued by issues such as
poaching, illegal trafficking, and lack of transparency. These
challenges have led to a global demand for greater ethical
accountability in the industry.

7. Scalability Energy
Consumption
The scalability of
blockchain technology
remains a challenge,
especially when dealing
with a large volume of
transactions.
The energy-intensive
nature of blockchain
operations raises
concerns about its
environmental impact.
Regulatory
Uncertainty
The evolving regulatory
landscape for blockchain
technology poses
challenges for its
widespread adoption in
various industries.

8. Blockchain-based smart contracts can automate and
enforce ethical standards in animal trade, ensuring that all
parties adhere to predefined rules and conditions, thereby
promoting accountability.

9. The implementation of blockchain in animal trade
raises ethical considerations related to privacy,
data ownership, and fair access. Addressing these
concerns is essential for responsible deployment.

10. Blockchain's immutable nature and cryptographic
security measures safeguard animal trade data from
tampering and unauthorized access, enhancing data
integrity and privacy.

11. Blockchain fosters collaboration among
stakeholders in the animal trade industry, promoting
shared responsibility and enabling collective efforts
to combat unethical practices and promote
sustainability.

12. The adoption of blockchain in animal trade can have a
global impact by reducing illegal activities, promoting
conservation, and fostering a culture of ethical and
sustainable trade.

13. Developing clear implementation strategies,
fostering industry partnerships, and
engaging in educational initiatives are
essential for effectively integrating
blockchain into the animal trade ecosystem.

14. Blockchain's immutable nature and cryptographic
security measures safeguard animal trade data from
tampering and unauthorized access, enhancing data
integrity and privacy.

15. Case Studies
• Walmart's Blockchain Pilot for Food Traceability
In 2016, retail giant Walmart partnered with IBM to pilot a blockchain-based
food traceability system. While not directly related to the animal trade industry,
this initiative demonstrated the potential of blockchain in tracking food
products from farm to table. By using blockchain technology, Walmart aimed to
improve transparency, reduce food waste, and enhance consumer trust by
providing detailed information about the origin and journey of food items,
including meat products sourced from animals.

16. The integration of blockchain with the
Internet of Things (IoT) is expected to
enhance real-time tracking and
monitoring in various sectors, including
animal trade.
Efforts to improve interoperability
between different blockchain
platforms are underway, aiming to
create seamless data exchange and
collaboration.
Innovations in blockchain
technology are focusing on
sustainable practices to address
the energy consumption
concerns.

17. Blockchain technology offers a transformative solution for
promoting ethical accountability in the animal trade
industry. Its potential to drive transparency, compliance,
and consumer empowerment positions it as a catalyst for
positive change.