Environmental and Economical Impact of Blockchain

Abstract

Traditional food supply chains are centralised and have problems with variable product quality, missing data, and irregular product production. As seen by the countless cases of food fraud and adulteration that are reported on a daily basis from various parts of India, an improved decentralised supply chain model is urgently needed. India is a developing nation whose demographic dividend is its greatest advantage; it cannot afford to eat contaminated dairy products. We suggest a blockchain-enabled dairy supply chain platform for the sector as a result of this predicament. Blockchain is a technology that is starting to be widely employed in a variety of commercial areas. Traditional supply chains can be turned into decentralised, robust, transparent, impermeable networks with the use of blockchain technology. The suggested supply chain platform intends to increase food safety, maintain the nutritional value of dairy products, identify adulteration and contamination in dairy products, and stop the creation of fake dairy products. This platform offers more than just food traceability. The suggested platform for the dairy supply chain integrates smart contracts, and blockchain technology and has a positive effect on the environment.