The food supply chain is broken, and the world leaders aim to solve it with Blockchain.
Could your next meal 🍜 be delivered on the chain ⛓?
The food Supply chain is complicated and vulnerable to Acts of God, especially non-FMCG, perishable goods. A very simple Food Chain schematic would focus on Producer, Distributor, and Consumer — but like everything 21st Century, Food Supply Chains are incredibly complex, and our current food supply chains are broken. Today we are going to talk about the World Economic Forum’s (WEF) way to streamline a chain using the Blockchain Toolkit.
Earlier, this year, a ton of distributors and farms were heavily hit by the pandemic and the stay-at-home orders. And it is essential that these producers and distributors stay open so that the famine doesn’t occur.
“One of our beef plants feeds 22 million people per day, so it’s vital that these plants stay open”
— Dave MacLennan, CEO of Cargill Inc.
Most food supply chain looks pretty simple. It starts off with a Supplier delivering Raw Materials to the Manufacturer, who supplies the goods to Distribution centers, from where it is sold to customers via retailers.
