Blockchain in food supply chains: a literature review and synthesis analysis of platforms, benefits and challenges
Kunpeng Li, Jun‐Yeon Lee, Amir Gharehgozli
Abstract
The globalisation of the food industry increases the complexity and the difficulty in enhancing efficiency and solving issues in food supply chains. Blockchain is a promising decentralised information technology that could benefit food supply chains by reducing transaction cost and time, increasing process transparency, security, and efficiency, as well as building trust among participants. In this paper, we introduce the major blockchain platforms currently used in food supply chains and conduct a synthesis analysis to explore the benefits and challenges of blockchain technology in the food industry. We demonstrate that blockchain enables unprecedented visibility at each step of the food supply chain, helps increase transaction transparency, food safety, and quality, and also reduces food fraud and waste. Furthermore, it serves as a digital solution for reducing operational costs and improving efficiency in food supply chains.