Blockchain and the Internet Of Things are the state of the art technologies that companies are trying to incorporate into their food supply chain management functioning. Businesses are trying to lobby into the market.

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How Blockchain and IoT are Improving the Food Supply Chain
Blockchain and IoT are the state of the art technologies that have set the wheel of INDUSTRY 4.0
on a roll. They involve multiple stakeholders and bring digital transactions, big data storage, and
cryptographic security to the table. These smart practices and technologies have the capability to
transform the food industry to make it more robust and sustainable. This article will give you an
insight on how Blockchain and IoT are impacting Food Supply Chain.
What is blockchain?
Do you remember Skywalker from Star Wars keeping a record of things using ‘force’? Blockchain
is the skywalker of the digital age which can help you to keep the track of things using digital
systems. Blockchain is used to store data or keep records using technology.
Distributed Ledger Technology (DLT) means a digital decentralised database that helps to keep
check against data theft. Blockchain is a type of DLT, which is a digital system for recording
digital transactions. Its super strength lies in the fact that it can keep a tap on transactions and
related data in multiple places at the same time. Can you imagine a huge chain of boxes linked
together? Blockchain stores data in blocks that are digitally chained together and computers in this
system are connected to a peer-to-peer network instead of a central computer like in traditional
databases.
So, Blockchain technology is preferred over conventional databases in how it stores and manages
information. These days, the whole world is getting digitized and so cyber security is the new basic
need of industries and people. Blockchain is designed to make it impossible to hack the system
making it secure and immutable. Hence, Blockchain technology is getting more traction and it is
being wide used by many businesses.

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How blockchain is used by food supply companies?
Three years ago the world experienced something unimaginable. Many businessmen skipped their
heartbeat and many companies left to face the inevitable. The COVID-19 disaster cut opened the
existing fault lines in the supply chain. The nature of the food industry is such that it is vulnerable
to timing, delivery and safety. If the food supply chain perishes, the whole human race perishes.
Hence, to conquer such uncertainty, blockchain offers an amazing solution. Let’s take a deeper
dive into the Blockchain and understand the impact it’s having on the food industry.
1) Blockchain ensures food safety. It can trace the food supplies from suppliers to buyers.
2) While of course, among the other benefits, balancing market pricing is one of them. It
establishes a ledger in the network and adds value to the current market.
3) Blockchain is thoroughgoing. It helps by giving information about the entire value chain.
4) It is effortlessly easy to use for the participants. Access the records in your comfort without any
hustle. It may help to give you an idea about the universal and total outline of supply and demand.
5) The blockchain apps for trades might upscale traditional commodity trading and hedging as
well.
6) If transparency is something you are looking for in a business, then Blockchain is a big YES for
you. It enables verified transactions to be safely shared with all players in the supply chain,
creating a marketplace with immense transparency.
Food supply chain companies use blockchain to track and trace items as they move through the
supply chain. The government and various industries are using blockchain as the basis for smart
contracts and other mechanisms for transferring and protecting intellectual property rights. Many
industries that want to revolutionise their business strategies are now exploring blockchain-based
applications as a secure and cost-effective way to create and manage a distributed database and
maintain records for digital transactions of all types.
Hence, blockchain is being considered as a viable solution for securely tracking and sharing data
between multiple business entities. Along with blockchain, a few other technologies like the
Internet of Things (IoT) is also contributing to the blossoming future of businesses.
What is the Internet of Things?
Do you want to turn on and turn off the car in your garage without moving a foot and enjoying
soda sitting on your sofa or do you want to save energy and switch off lights in your house? You
can do all this without moving a foot and with just your single command with IoT.
Internet of Things refers to the combined network of linked devices and the technology that
facilitates communication between devices and the cloud, as well as between the devices
themselves. With the 21st century, the internet went on to reach everywhere. But more soothing
than this was the advent of super-cheap computer chips and high bandwidth telecommunication
which enabled billions of devices to connect to the internet. So from smaller devices like the table
lamp to the bigger devices and things like cars, houses can use sensors to collect and store data and
respond intelligently to users.

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The Internet of Things incorporates everyday “things” with the internet. This has offered
tremendous space for food supply chains to explore the area. The major drawback of the food
supply chain was the irregular interconnection. IoT, thus indulging the interconnection between the
various stakeholders of the supply chain helps to create an effortless and effective system.
As computing devices also underwent a revolution, they were reduced in size, these chips also
became smaller, faster, and smarter over time.
Multiple benefits that IoT offers to the Food supply chain industry
So, let’s look deeper into IoT and the impacts it is having on the food industry
• It is cost-effective
The cost of syncing computer devices with other objects has now been reduced handsomely. It has
opened a new avenue for the food supply chain industry as B2B businesses always look to reduce
the investment and increase profits. Though costs of IoT are allied, they effectively increase the
main course and profits.
• It soothes the process
The food industry can’t endure staying behind. Globally, the population has been booming and so
the onus lies on the supply chain to balance the needs of the human race. The food industry, hence,
has revolutionised itself with a focus on pouring our storehouses, businesses, and offices with IoT
devices. These smart devices can automatically transmit and record data to and from the Internet.
Which eases the surveillance burden of the contractors.
• It makes tracking easier
The Internet of Things is everywhere. From manufacturer to retailer's market to consumers while
they shop, IoT devices can help to track the food supply movement. In the food supply chain, data
is used by companies to track and trace products movements, analyze trends of their usage, easily
communicate with people, automated machinery, and many more endless uses. So IoT makes the
hustle free tracking of every stakeholder of the food supply chain.
• Readjustment with the global trends
COVID 19 had skipped two good years from the lives of the people. Globalisation has reduced the
boundaries and borders and brought the world closer to each other. But when disasters like COVID
struck the world, it was nearly impossible for the world to avoid them. But with the IoT, these
kinds of readjustments are now way much easier.
The IoT is made up of sensor-embedded devices that captures the data and then transmits volumes
of data from all types of IoT devices to the Internet, machines, people, and beyond. So, by
analysing the trends at any end of the supply chain, we can easily readjust the whole food supply
chain cycle.
• It can spread awareness and make monitoring serene.

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While the IoT offers novel uses in the food industry, it can replace the long used tracking practice
of logistics. Gone are the days when it was difficult to keep track of the ordered products. Now
companies can use smart labels to give consumers full visibility into their supply chain. Customers
can simply scan the package’s QR code, and learn if the package has left the factory or when, and
how each ingredient made its way into that particular product. This way, IoT is helping the
companies to be aware of the purity and elevating food safety practices.
• It can upscale the management of warehouses.
It is not just the food production, but the storage in the warehouses is also a huge task for food
manufacturers. Manufacturers install sensors for timely monitoring, quality control, leveraging
real-time analytics to streamline production, measure worker productivity, and calculate labour
costs. IoT with real-time maintenance capabilities could automatically fix its own malfunctions
before they occur.
According to the Food Industry Executive Report, researchers predict that more than 34 billion
Internet-connected devices will be in use by 2020, 40 per cent of which will be used for business-
related purposes. In the supply chain, the IoT enables real-time monitoring, transparency, huge data
collection, and more effective and automated problem solving than conventional methods. To
prepare for the future of demands, stakeholders of the supply chain must indulge the practice of
IoT and effectively start to include the smart practices in the business.
The pantheon of the INDUSTRY 4.0 is being led by smart practices like the blockchain and IoT
and we at Biz4solutions are working hard to upcycle your business dreams. We bring not just the
conventional solution but also offer smart ways to upgrade your business and increase the
productivity of your business. It’s your time to say YES! Allow us to help you with Digital
transformation, robotic process automation, IoT, blockchain app development, cloud solution,
mobile apps and many more state-of-the-art services. Drop your email in the comment box and
relax, our experts will get in touch with you shortly.