Morpheus Labs
Published in

Morpheus Labs

Bringing Transparency to Food Supply Chains

A supply chain is a network between retailers, production companies, suppliers and multiple intermediaries in between. The supply chain represents the steps it takes to get the product or service to the customer.

In this article, we discuss current issues with food supply chains and how blockchain technology can solve these problems.

Issues with the current supply chains

Supply chains of today’s food industry shows several issues. While a hundred years ago, the food supply chain was simple and local, today, food travels thousands of miles and changes hands countless times along the way. It’s incredibly difficult for consumers to truly know the value, quality and safety of food products, because there is a significant lack of transparency in our current system. In a similar way, it’s extremely difficult to investigate supply chains when there is suspicion of illegal or unethical practices. They can also be highly inefficient as vendors and suppliers try to connect the dots on who needs what, when and how.

Tracking on the Blockchain

Blockchain is a distributed database that holds records of digital data or events in a way that makes them tamper-resistant. While participants in a blockchain may access, inspect, or add to the data, they cannot alter or delete existing data. The original information stays put, leaving a permanent and public information trail of transactions. It provides a single version of the truth about transactions and activities occurring across complex supply chain ecosystems. Traceability is potentially a great application for this technology.

Some projects are already leveraging blockchain technology to tamper-proof supply chain data and provide transparency to consumers. On example is the internet giant JD.com which tests the possibilities of blockchains in the food sector with selected beef meat, where customers can now reliably track the journey of their ordered beef using a blockchain-based tracking system.

We at Morpheus Labs believe strongly that blockchain will be a huge facilitator in making food supply chains more transparent and secure. We are excited to soon share more information on how Morpheus Labs will take part in improving the food industry.

👏 If you enjoyed reading this piece leave us a clap (you can also leave multiple claps of course) or comment below. We are curious to hear your thoughts!

Stay informed

💬 Join our Telegram Community

🐦 Follow us on Twitter

👤 Visit our Facebook page

📺 Watch us on Youtube

Further Readings

The Blockchain-Platform-as-a-Service (BPaaS) for prototyping, deploying and operating Dapps at minimal cost and time. | https://morpheuslabs.io

Recommended from Medium

Morpheus Labs Foundation Announcement

Origin Launches OGN Staking on Binance

Smarty Penguin | The Altura x Chaincade Penguin Game

Shiny Seas NFT. Why a blockchain game?

Helios Fund — 1ST Web3 Project On Blockchain Mining Finance

[BOUNTY]🔴CEZO — The Operating System for DApps

Zano Bounty Program

What is “Visual Blockchain” of Hoo Smart Chain?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Morpheus Labs Team

Morpheus Labs Team

The Blockchain-Platform-as-a-Service (BPaaS) for prototyping, deploying and operating Dapps at minimal cost and time. | https://morpheuslabs.io

More from Medium

How a multibillion-dollar company is making tracks in climate-tech

AlliedCrowds at COP26

Stakeholder Governance Advocates Plant Seeds for Growth in Brazilian Stock Exchange

What is Article 6 and why COP26 decisions are important for carbon offsets