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Pls Reply to post W/150 wrds Blockchain technology (BT) is a shared or immutable ledger that facilitates the process of recording transactions and tracking assets
Pls Reply to post W/150 wrds
Blockchain technology (BT) is a shared or immutable ledger that facilitates the process of recording transactions and tracking assets in the business world. Now, companies can track all types of transactions transparently and more securely. As a product transport from one location to the next it can exchange between multiple recipients, so blockchain provides a trace history to help reduce time delays, costs, and even human errors (Rejeb, Keogh, and Treilmaier, 2019). Tyson food is an organization that implemented blockchain into its operations. This organization's supplies in transit are traced from farms to production facilities. According to Consumers' intention to adopt blockchain (2021) the blockchain food traceability system, defined as part of logistics management as an information system that captures, stores, and transmits information about the collection, rearing, and production at all stages of the food supply chain, and blockchain food traceability systems, allow consumers to receive any required food safety and food quality control checks, as well as backup data information to better serve the food safety needs of consumers. Consumers want to know their food is being handled with proper care, so food monitoring provides reassurance for their overall safety. A well-established brand that stands on safe quality products will keep the customer coming back to make additional purchases. The complexities that will come with BT are the need for customization within the food ecosystem with all key players involved and streamlined practices for data entry. Especially, at the farm level of operations, it is important to ensure it can communicate with the existing enterprise resource planning to ensure a smooth process. A combination of different technological software needs to be employed to build a fully transparent food supply chain.
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