Blockchain technology can increase consumer confidence due to food safety challenges such as traceability and quality control. Without a doubt, blockchain continues to become an innovation that is advancing faster than ever. What will the implications be for the food industry, and mainly for food safety? Especially considering the implications of a fully transparent system. Foodware 365 is looking forward to the future developments in food safety programs.
As the world moves forward in an ever technologically focused world, many food companies, including us as Foodware 365, are looking for solutions in the food safety sector. As more and more discussions arise on how blockchain will impact information transfer on the food chain, a number of companies are investigating the usage of blockchains in a number of industries, including food, effectively becoming a competitor to old track and trace systems. According to Floor Sloots, food quality expert at Schouw Informatisering:
"We traditionally deploy our business automation processes to safeguard corporate governance regulations for our clients. Blockchain enables us to offer far-reaching guarantees that satisfy the growing demand for data and information about food and its production. This responsibility is ideally suited to the role that we take upon ourselves: the role of trusted partner delivering IT for our customers. It is more than simply product transparency, it also has everything to do with the retail price and ensuring an honest distribution of margin throughout the chain.”
The main advantage of using blockchain would be its fully auditable capabilities. Information stored in blocks is permanent and cannot be tampered with, while allowing future parties to be referenced to at any point in the cycle. As so, the added value proposition of blockchain in food safety reflects the ability to trace back any identifying risk factor and identify any targeted recall products. From creation to consumption, the continuous flow of historical data that blockchain generates creates a flow of information that is dully reviewable. Global technologies such as DNA sampling can make traceability visible at consumer unit level instead of per batch.
Foodware 365 can provide the blockchain with information through our software solution. And with the new Dynamics 365 platform, we are ready to deliver such innovation without having to employ hard to find specialists. For us, it is part of our innovative learning journey and we will always facilitate clients who want to move forward in food.