CIBUS
How Will Cibus Blockchain Technology Enhance the Food Supply Chain?
Cibus blockchain technology is going to bring a big positive effect on food supply chain , which will be an amicable solution for reducing worldwide food fraud, food crime and food adulteration. In every food supply chain there is journey for every food from firm to fork and this journey is done though multiple transactions.
In traditional way all the transactions of this food journey gets manually documented and this documentation creates the permanent history of the product. The shortcoming for this record keeping process is its vulnerability to tampering. Blockchain integration in Cibus food ecosystem can reduce this problem of food fraud and crime in some specific ways with the help of food traceability which includes:
Recording of the amount and transfer of food items — which means recording of the entire food journey from the firm to processing units to the warehouse, storage points etc.
Tracking of purchase orders, change of orders if any, generated receipts, shipment details and notifications, as well as other trade-related documents will be recorded accurately without any risk of human error
Assigning or verifying certifications or certain properties of food products; for example, the process of food trace can determine if a food product is organic by origin or fair trade: this is called Provenance
Connecting consignments of food products to serial numbers, bar codes, digital tags, etc.
Sharing information about manufacturing process, assembly, delivery, and maintenance of food products with suppliers and vendors for complete knowledge of the consumers about the food before consumption.
Once all these data will be recorded without the risk of adulteration, unwanted modification, or tampering, it is going to increase the reliability and quality of food supply chains, which ultimately will lead toward better food safety.
Benefits of using Cibus blockchain:
There are multiple benefits of using Cibus blockchain empowered food ecosystem. Some of the benefits are:
Improved Transparency. Accurately done documentation of a food product’s journey all across the supply chain exposes its accurate origin and touch points, which boost trust and helps in elimination of the prejudice found in todays cluttered and trust compromised centralized supply chains. Manufacturers by using Cibus World can also reduce recalls by providing all food product related details.
Greater Scalability. Higher range of scalability is achieved when virtually any number of participants, accessing from any number of touch points, is possible
Better Security. Cibus blockchain is a shared, ineffaceable ledger with codified rules and it has the capacity to potentially eliminate the risk of modification of data
Increased Innovation. Opportunities are there in abundance to create new, specific uses for the technology as an effect of its decentralized architecture.
The application of Blockchain Technology to the food supply chain has the prospective to offer numerous vital benefits to both food manufacturers and end-consumers. The advantages of blockchain technology in boosting supply chain transparency are by now being used by a number of global food giants for facilitation of their supply chain.
To know more about CIBUS world or if you have any questions, look them up in our website: www.cibus.world or FAQ or send a support ticket or feel free to email us at: contact@cibus.world
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