Believe it or not, the technology that brought you Bitcoin is beginning to make waves in the food manufacturing industry. This technology, called blockchain, is a digital ledger maintained across several computers, then linked through a peer-to-peer network. The system's design makes it difficult to change, hack, or modify the data. In the past few years, however, this service—initially designed to protect cryptocurrency investments—has been revamped as Blockchain 2.0, allowing the same security to be available for transactions of any kind. This 2.0 design is known as Blockchain as a Service (BaaS).

Benefits of blockchain 2.0

In 2020, many flaws in the current food supply chain were exposed, not only in the United States, but globally. Pandemic panic buying led to food shortages around the world, resulting in a rise in theft, fraud, and counterfeiting—three sure ways to increase foodborne illness outbreaks. The benefits of blockchain become obvious in the event of a foodborne illness outbreak, because traceability can be reduced to seconds. Therefore the response is greatly accelerated, potential product loss is minimized, and long-range costs and damage to the brand can be significantly reduced.

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