Blockchain Traceability in Trading Biomasses Obtained with an Integrated Multi-Trophic Aquaculture
Antonio Mileti, Daniele Arduini, Gordon Watson, Adriana Giangrande
Abstract
This study explores the application and critical issues related to the implementation of blockchain technology (BT) to the aquaculture sector, in order to understand the possibilities of improving the relationship with the supply chain and the end consumer, with a view to a sustainability for the marine environment and circular economy. Starting from considerations of commercial and political challenges related to credibility and fairness for all parties involved—from producers, to retailers, to end consumers—the procedure adopted was applied to the case of an Integrated Multi-Trophic Aquaculture project, developed in the sea of Taranto (Italy). Furthermore, it considered two different end markets: the food market for farmed fish and the ornamental fish market for marine aquariums. The results of the study confirm that although the implementation of BT by industries and producers of marine species has the potential to lead to successful sustainability solutions, such adoption is feasible over time only if all actors in the supply chain, from aquaculture companies, to retailers, to consumers, are actively and consciously involved and can access common benefits.