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How AI & Blockchain can help to manage Food waste?

World hunger will not be eradicated immediately, and it will require equal amounts of compassion, ingenuity, and invention.

One area to begin is by reducing the daily mountains of food waste that exist around the world — which could benefit from some technological assistance.

World famine looms, exacerbated by long and unexpected droughts, a pandemic, and unrelenting poverty. At the same time, one-third of all food produced for human use is wasted each year, amounting to 1.3 billion tonnes.

Blockchain technology is gaining traction among individual crypto miners as well as businesses, which are interested in the technology’s promise of increased efficiency, immutability, and security in commercial operations. Can blockchain technology, on the other hand, bring any value to non-profit causes? The main subject addressed in this essay is whether blockchain technology may help reduce food waste and, as a result, improve environmental conditions — and, if so, how.

There is a high demand for Blockchain experts, therefore more and more people are showing interest in blockchain degree

courses.

Keeping food safe

A supply chain’s transparency is increased to a whole new level using blockchain. It also allows the entire chain to respond more quickly in the event of a food safety incident. For this reason, large corporations like Nestlé and Unilever are looking at blockchain technology.

Additionally, blockchain enables the tracking of specific products at any given time, which could assist to reduce food waste. Contaminated products, for example, can be traced simply and promptly, while safe foods stay on the market and don’t end up in landfills.

Fraud prevention

It will, however, only operate if the data at the source is correct, as existing industry methods are much more prone to human error. Trusted third parties audit much of the compliance data, which is then recorded on paper or in a centralized database. Informational inadequacies, hacking, expensive running expenses, and purposeful errors caused by corruption and fraudulent behavior make these databases extremely vulnerable.

Because blockchain is anonymous, mistakes can be traced back to specific individuals. This aspect is not insignificant, especially in light of recent food-fraud scandals in Canada and elsewhere. Blockchain technology provides a way for storing records indefinitely.

Most importantly, it makes data sharing between different participants in the food value chain easier. Unwittingly, many retailers have offered phony food goods. Those days may be over thanks to blockchain technology.

Faster and more equitable payment

From farm to plate, blockchain will allow everyone to be compensated more rapidly. Farmers would be able to sell more rapidly and receive enough compensation since market data would be readily available and vetted.

Farmers who feel constrained to rely on marketing boards to sell their commodities may find blockchain technology to be a viable choice. Price coercion and retroactive payments, both of which have been observed in the food supply chain, could be avoided with the usage of blockchain.

Wrapping up

In agrifood, blockchain technology offers promise, but it still has to be refined. Blockchain should be embraced as an opportunity by industry executives, and it should be included in a digitalization strategy that is now affecting the whole food business. The agri-food sector’s transparency, productivity, competitiveness, and sustainability should all be improved.

Before we get too excited, research should look into ways to generate evidence-based blockchain solutions to democratize data for the entire system. Blockchain education is necessary. Enroll in the Blockchain developer course and get started now.

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Smita Verma

Smita Verma

65 Followers

Blockchain enthusiast and cover everything that goes on in the crypto ecosystem. I love researching and producing technical content on blockchain.