Blockchain traceability

Blockchain traceability for livestock
The blockchain is the next big innovation for the livestock livestock traceability worldwide. It is a distributed ledger shared on a public or private computer network in a sequence of blocks that contains a complete list of transaction records. One of the main advantages of blockchain in the livestock and dairy sector is that it alters the current methods used to convey food quality and safety and will differentiate by improving traceability and trust. It also simplifies international trade by streamlining the import and export process.
By offering advantages such as decentralization, transparency, and immutability helps increase the adherence to strict ongoing and new regulatory norms. Furthermore,
• Blockchain, combined with advanced data analytics, will enable farmers to gain insights into their farm performance metrics by this technology.
• Food safety is guaranteed by storing up-to-date, accurate quality assurance certificates on the blockchain and can be shared with the need-to-know parties.
• The consumers’ shopping experience is elevated by sharing end-to-end supply chain information with them.
• Digitization of assets and storage of data will eliminate the need for paper, resulting in improved documentation.
Food traceability is increasingly recognized as a critical tool to guarantee food safety and quality through the food supply chain. As demonstrated, In the face of disturbance such as the COVID-19 pandemic, the livestock sector can and will be one of the first to be disrupted, thus the necessity of having a robust, resilient meat supply chain management system.

TraceX – Blockchain for Food Supply Chain and Traceability Software