Blockchain in Food Supply

Technology for Tracking

We have the technology to give us the assurance of knowing and no longer need to rely on trust.

In our homes, we have smart devices such as Ring to monitor our front door and myQ Smart Home to check and see if we closed the garage door. Additionally, parents track teens anytime and anywhere using the APPS like find my iPhone and Life 360.

In the workplace, we have blockchain technology. It can track a botanical ingredient from seed to sale, so we can monitor it in real time.

www.foodlogistics.com

Blockchain use in Regulated Cannabis Market

Blockchain technology, sometimes called traceability, is currently in use by regulators in legal cannabis markets. This technology is a real time data hub that tracks cultivation, harvest, processing, waste, QA testing, transportation and sale to the consumer. RFID tags are available for plants and bar/ QSR codes are available for the processed products. These tags and codes allow the regulators, retailers and consumers to access the story of the product. They know which fields product came from, what strain it is, how much THC is is present and if there is pesticide residue.

The benefits of this technology is that it allows for transparency and prevents diversion by: 

  1. Tracking cannabis plants from the source to the consumer.
  2. Preventing adulterated product from reaching the market.
  3. Stopping regulated cannabis from reaching the black market.
  4. Allowing for more efficient recalls.

Future of Blockchain in Food and Flavor

Originally, these tracking systems were developed for prescription drugs, such as methamphetamine and its precursors. (Biotrack).

Blockchain is now moving from the drug industry into the food, cosmetic and flavor industry. It can prevent fraud and adulteration in essential oils markets where we know fraud exists ; Too Good Too be True.

Blockchain can provide transparency and assure customers they are indeed getting the specific products they want. Examples of use in food, flavor and cosmetics include:

  1. Australian Tea Tree oil market 
  2. Neptune Wellness solutions/IFF venture: including lemon, sweet orange, bergamot, eucalyptus and tea tree oils
  3. Extra virgin olive oil

Additionally, this technology is use by retail giant Walmart, who’s goal is to trace commodities to the country of origin quickly. Their plan is working to shorten time to recall from 7 days to 2 hours.

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