Why We are investing in Blockchain
Grocers and the Food industry is utilizing Blockchain technology in order to add transparency to the food supply ecosystem by digitizing the entire food supply chain process. With the help of hyperledger fabric, the company is able to make the process transparent, traceable, and reliable.
Employees can track products for its origin, and it only takes a few seconds to scan a dozen of products to know where the fruit came from and where it is stored at present. Technology helps grocers employees in tracking the origin of food in just a few seconds instead of days. Moreover, it reduces paper waste, automates the entire process, and accelerates supply chain transparency.
Suppliers can add trust to their deliveries by jumping on to the blockchain and overall costs reduced because smart-contracts execute payments.