Grocery companies increasingly adopt blockchain technology

Of the top 10 global grocery sales companies, 20% are expected to adopt blockchain technology by 2025. Through this, food safety and traceability can be secured, and productivity, quality, and freshness can be identified.

The results of this survey were according to the market research agency Gartner. For Gartner, the advantage of adopting blockchain technology in the foodstuff field is that it can secure high transparency. Gartner said that blockchain is an ideal technology that can promote transparency and visibility in the food supply chain, and that consumers and businesses alike can expect accurate, reliable data on origin, quality, transport, temperature, and freshness.

Grocery sales are also increasing worldwide, and consumers’ understanding of food origins and food manufacturers’ efforts to sustain freshness is also increasing. If there are grocery retailers that can provide visibility to consumers and certify products according to certain criteria, they will be able to gain consumer confidence.

In addition, the possibility of companies and distribution using the data managed and collected through blockchain technology to identify manufacturers such as raw materials generated from recalled foods can be increased. Gartner is mentioning that the food sector could lead the way in blockchain technology.

Already, many companies are testing blockchain technology to ensure food quality. Gartner mentioned companies like Wal-Mart, Unilever and Nestlé. Wal-Mart is using blockchain as a farm-to-store tracking system, and Unilever and Nestlé are adopting it to track food contamination. Related information can be found here .