A Distributed Ledger Technology Application to Manage Food Supply Chain
Food tracking and traceability systems can utilize Distributed Ledger Technology (DLT) and Internet-of-Thing (IoT) sensors to streamline the workflow of food supply chain management. Such a traceability system mitigates the complex business processes and speeds up the workflow of working through multiple business owners along the nodes in the value chain. This Technology Offer is a DLT application that can be used to manage the food supply chain. The technology aims to obtain transparency, ease of transactions and speed of delivery, synchronization, tracking and security.
As an example, IoT sensors can be attached to livestock to obtain information about them from the source, and is uploaded to the ledger data of the node. When the livestock is shipped to the manufacturer, shipment tracking data can be uploaded. The transport is thus done with trackable ownership, possession and telemetry parameters such as location, temperature, humidity and activity. The manufacturer then processes the livestock, weighs the meat, packs and labels them. The label has a unique cryptographic QR code or NFC tag that links to the data citing the origins of the meat. The packaged meat is then shipped to the distributors, and eventually reaches the buyer. The final buyer can access a complete record of information and trust that the information is accurate and complete.