Blockchain for Seafood Traceability
Seafood is one of the most traded food commodities in the world. However, with each industry having its shortcomings, the seafood industry is plagued with fishing malpractices and extremely poor management of fisheries. This has led to an increased demand for sustainable seafood worldwide. Seafood companies have started implementing traceability practices to improve transparency with consumers and to validate their sustainability claims.
Seafood traceability is not a new concept and has existed for a long time. But, the downside is that the older technologies used for traceability have some severe shortcomings. This is where an exciting new technology, Blockchain, comes into play. How is Blockchain being used for seafood traceability? This whitepaper details the role of Blockchain in seafood traceability and how it is different from traditional technologies.
What to expect from this guide?
- Fishing malpractices that have been plaguing the seafood industry for years.
- Seafood traceability and its importance.
- Seafood certification bodies mandating traceability
- Traditional traceability systems and its shortcomings
- The Indian seafood scenario – Strength, opportunities, and fisheries
- Blockchain and how it differs from traditional traceability systems in use
- How Blockchain and IoT are implemented for tracing seafood and the role they play.
Why do you need Blockchain?
The traceability systems of the past are centralized and depend on an implicit trust in the central authority. Blockchain, on the other hand, establishes an inherent trust due to its decentralization feature. The data remains secure as well since Blockchain is immutable.
The features of Blockchain, combined with the real-time monitoring of IoT devices, makes the entire traceability process transparent.
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