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The Implement of Blockchain and IoT Technology Can Save Over $100 Billion Annually for Global Food Industry
Summary: According to a report by Cointelegraph Consulting and VeChain, blockchain technology and the Internet of Things (IoT) is hopefully to save over $100 billion annually for global food industry to ease the industry’s most pressing challenges. Blockchain and IoT technology can trace $300 billion worth of food items along the supply chain annually within seven ...
According to a report by Cointelegraph Consulting and VeChain, blockchain technology and the Internet of Things (IoT) is hopefully to save over $100 billion annually for global food industry to ease the industry’s most pressing challenges.
Blockchain and IoT technology can trace $300 billion worth of food items along the supply chain annually within seven years, collecting accurate information about food items to the blockchain network, and providing stakeholders with a snapshot of the entire supply chain.
This data will be useful on assuring food’s genuineness, freshness and overall quality.
by Jean Zheng
Tags: Blockchain Technology,food industry,IoT
Link: The Implement of Blockchain and IoT Technology Can Save Over $100 Billion Annually for Global Food Industry [Copy]
