Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: moonking on September 03, 2018, 11:41:04 PM
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Read full article, below are main points from the article.
https://cointelegraph.com/explained/blockchain-s-impact-on-food-and-farming-explained
1.
Is it possible to track where food comes from?
Several companies have launched services allowing shoppers to see a product’s journey from farm to fork, but they often depend on retailers agreeing to be transparent.
2.
Food safety scares! Remind me?
There have been several in recent years… how long have you got?
3.
How would that work? Any examples?
Smart agriculture solutions — which boost productivity and address food demand — are thriving, and it is predicted that this industry could be worth up to $26.76 billion by 2020.
4.
Food safety’s great, but what about food prices? They’re constantly rising.
Blockchain could eliminate paper-based processes and cut costs, with these savings passed on to you.
5.
But wouldn’t farmers be out of pocket from lower prices?
On the contrary, smart contracts could ensure they are paid fairly for their hard work without delay — and smaller farms would have a larger market for selling their fresh produce.
6.
Is there any way to get fresh food on store shelves faster?
Inefficiencies in the supply chain can often mean delays before produce is ready for sale, but automated processes through blockchain could speed things along nicely.