How blockchain traceability helps us navigate the challenges

Posted by walsh leshly on February 13th, 2020

Blockchain in seafood industry:

The central idea of this post is to help supply chain stakeholders in taking a flare decision whether it is right to adopt the blockchain technology or not.

The chief intention behind the inducement of blockchain into the food supply chains is nothing but making a difference.

Come, let us discuss on the same.

The substantially increasing volume (tonnes) of shrimp production and export, together with its constructive use-cases have made it essential for us to concentrate more on the shrimp supply chain management.

Being a value-rich industry, seafood is highly exposed to a variety of risks that no technology (other than blockchain) can solve completely from their base.

Today, a majority of the supply chain decision makers experience a tough time handling such multitude of challenges underlying in the production and supply phases.

Though a lot of technological enthusiasts have been making many attempts to bring a proper solution for addressing the challenges threatening the shrimp supply chain industry, no considerable change has been brought as of now.

To aid supply chains come out with an impeccable solution that can transform all their challenges into the stepping stones for success, we herewith wish to introduce an outrageous technology called blockchain.

Over the recent past, blockchain has proved its immense potential in solving the most-pressing supply chain issues efficiently by being a key data-driven approach.

Reliable data/information can always help businesses optimize their superior decisions in such a way to reach the global standards with no concerns.

By the way, the shrimp farmers all across the Globe have found blockchain as a beneficial technology for their domain and so that they have started to accept and utilize it gradually in their fishing operations to meet their business needs and demands.

Blockchain seafood traceability:

Blockchain makes it possible to perform audits on each and every transaction that is done within a complex supply chain system. Thus blockchain adoption makes us enjoy end-to-end traceability solution in the food supply chain sector.

Besides traceability, the seafood industry is very much vulnerable to another major problem called fraudulence. And that too can be eliminated by proposing effective blockchain solutions in the supply chain cycles.

Seafood supplychain Blockchain evolving as a technology that boosts up the confidence level of shrimp consumers:

Thus as a whole, the lack of the factors like traceability, transparency, fraudulence and safety can be renewed with blockchain technologies in the food supply chain sector for sure. This would in turn ultimately help us build an enhanced level of trust among the seafood consumers.

If we take any business sector particularly the seafood production and management, trust is one of the prime factors that decide the profit throughput ranges. Its absence will result in the decreasing interest in the associated product purchases.

So, let us explore blockchain much more to make the entire seafood industry worthwhile and acquire prominent gains with no deviations.

Source: Blockchain in seafood industry

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