Review of Blockchain Applications in Food Supply Chains

Abstract

Blockchain has found wide acceptance not just in the DeFi and Crypto space, but also in digital supply chains, non-monetary transactions, and governance. Amongst many, the food supply chain is riddled with lots of inefficiencies and untraceable corruption. Hence, many have investigated the integration of blockchain technology into the food system. This paper discusses the major advancement in blockchain technology from the aspect of food security and proposes roadmaps for future applications in businesses. We dive into the different pillars of food security and how blockchains can play a valuable role in the technology infrastructure of food security in a holistic sense. Next, the paper also discusses the organizational, economic, and management aspects of technology adoption. Finally, we end by discussing the nexus between Blockchain and Decentralized Autonomous Organizations (DAO), as well as Digital Twins, respectively.