5 ways Cibus blockchain will change the facade of retail
Blockchain is a new approach to establish transparency, trust, and quality assurance in food supply chain which has potential to change the façade of food retail industry. For similar reason Cibus blockchain is advantageous for food retail industry. Here go the 5 advantages of Cibus blockchain for retail food industry.
Accuracy
Once food related data is placed in Blockchain ledger by a food manufacturer, it cannot be tampered or altered. So when a consumer will be purchasing food from Cibus food ecosystem, he will get the true information about the product like its origin and processing details accurately. For instance if you are buying food products from Cibus supply chain, you can get to see its firm’s details, processing details, packaging details, etc. It will help you to buy ethically sourced foods.
Authenticity
Authenticity is one of the vital benefits Cibus blockchain will be offering to retail industry. Food fraud, food crime, and food adulteration are common problems that make food supply chain nontransparent, quality compromised, and inaccurate. With Cibus blockchain integration food related data in food supply chain cannot be modified once it is entered. The authenticity of the records is guaranteed on blockchain ledger and that will increase the authenticity.
Logistics
Blockchain integration in logistics can improve food supply chain and it will increase faster turnaround, food product tracing and tracking on transit, etc. If faster delivery is ensured by accurate transport tracking, food waste will be minimized as well as it will reduce the risk of food contamination, food damage, and other food transit related hazards, which is beneficial for food producers as well as for food consumers. Due to strict quality surveillance, food retailers will be benefited too.
Payments and e-commerce
Payment system will be more transparent with Cibus blockchain integration. On Cibus world, all payments will be made in a decentralized way by using Cibus token. Every transaction will be done in peer-to-peer mode and all payment processing will be done faster and accurately by using Cibus Escrow system.
Cibus Blockchain will not only support food retailers to accept crypto-currency payments but also the unadulterated digital records already created will help them in streamlining the return and refund course. Sensitive and perishable food items’ ownership will be accurately tracked and confirmed to reduce the risk of quality compromise.
Proof of ownership
Cibus Food ecosystem authenticates the proof of ownership of the food delivered to the retailers via Cibus Food supply chain. As mentioned, an obvious benefit of Cibus blockchain is decrease in crime and counterfeiting, but another prime use for many food retailers will be the evidence of provenance. The ability to unquestionably confirm who produced, processed, etc. with certain food products will increase their genuinity and make sure that the buyers know precisely what they are buying beyond what they can see as general food information, etc.
For food product retailers, this type of food safety and authenticity is enormously precious in reducing concerns over ownership and potentially ensure prevention from risk of quality conciliation, which can bring revolution if food retail industry.
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