How Blockchain’s New Innovation Improves Food Tracking Systems
Blockchain continues to take over the world’s operational systems with its new Track and Trace Solution. This new innovation will benefit food industries by tracking the serial numbers associated with a shipment from its distributor to its original supplier. Walmart’s food tracking systems have improved in China as it now only takes seconds, unlike previously when it took days or even weeks to track a package of fruits from the farm to the store.
This solution is dependent on serialization efforts by the global standard’s body (GS1) because every crate or package of shipment must be uniquely identifiable. GS1 offers unique codes called GTIN’s for the purpose of transferring product custody from one participant to another in a supply chain. In cases of Food Recalls, isolation of products in the supply chain can be done with great efficiency because with Track and Trace, food issues can be located immediately so contaminated products can be removed right away.
It allows quick tracking of all the items origins so that in the event that there’s food contamination, the supplier concerned will be flagged then proper measures can be taken and make everyone aware of the danger.
This Blockchain solution calls the attention of everyone concerned. By discovering the culprit almost instantly, the menus, shelves and supply chains can be cleared of all affected items at once. The items identified by their individual serial numbers can be returned to the distributor and then to their original supplier.
Many food companies have not been able to fully restore their reputation after suffering major food issues such as Coli breakout, causing huge drops in their profits. Despite their companies’ efforts to regain their customers’ trust with millions of coupons, the market will never forget the negative experience they had with the product.
Food issues may be inevitable but this Track and Trace by Blockchain is a solution to minimize the effects of such cases which greatly impact the consumers trust that every company upholds. In the cryptocurrency industry, Orozu is a coin powered by the same technology. Visit Orozu to see how a coin upholds the trust of its investors with its amazing security features.
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