Besides cryptocurrency, blockchain has a wide variety of possible uses throughout the world and some of these include its use in the supply chain industry and this is because blockchain creates an irrefutable ledger of transactions and when multiple items are being moved into multiple locations, it can come in handy in making sure that all transactions are properly stored and all items can be tracked. This is why blockchain use has been embraced in various supply chain endeavors worldwide for clothing, raw materials, and even food.
It seems this application is not limited only to the private sector as it was announced on September 17, 2019, of the American Food Drug Association building a public meeting in which a new initiative will be discussed which is called “A New Era of Smarter Food Safety.”
The meeting in question will take place on October 21, 2019, with international stakeholders during which debate will take place about the implementation of the new traceability act as well as various public health challenges. Specifically, the Food Drug Association is looking to create a smart and digital way of tracing food products.
The end goal of this is to protect consumers from contaminated food and the risk associated with them and various technologies such as Blockchain, Internet of things and sensors will be jointly applied to track any contaminated or compromised food items and protect the public from them. This initiative was first announced on April 2019 by Acting FDA Commissioner Dr. Ned Sharpless and Deputy Commissioner for Food Policy and Response Frank Yiannas and according to the official report, it will reduce the time needed to trace the origins of various food and as such, public health crisis can be responded to as soon as possible as all foods’ place of origin will be easily known.
It should be noted that blockchain has already proven itself in this regard as several firms such as Walmart and Carrefour have applied blockchain initiatives for the tracing of foods, in the case of Walmarts to combat possible E. coli outbreak and in the case of Carrefour, to trace the origins of food products such as dairy and meat. These were used to not only give a sense of security and safety for consumers but also to involve them in the supply chain process in the sense that they can tell where all their food is coming from.