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Consumers appreciate transparent food information, and value tracked products more. Using blockchain as a traceability tool has certain PR value, which can get you headlines in newspapers.
You can see where the products spend too much time within your supply chain, which enables to source from the quckest suppliers, thus, decreasing food waste.
A growing number of countries require traceability information for imported foods (USA, China, EU, Japan, etc.).
By using farm-to-table traceability, tracing back a product to its origins takes seconds. It makes product recalls quicker, and enables retailers to recall only the products of the specific supplier.
Implementing product serialization (identifying each products with an own QR code) enables you to monitor, resolve, and eventually prevennt potential tampering cases.
Many food products with traceability information can be sold with a 4-8% price premium on several markets (sometimes even as high as 50% in emerging countries).
Basic steps of traceability:
TE-FOOD provides solutions to all these activities from object identification and product serialization, to data capture through interfaces or our B2B mobile app, data storage on blockchain, data processing to follow custom protocols, and tools to present the food history to the consumers.Read about the components