Blockchain Technology in Food Supply Chain

Bachelor Thesis from the year 2022 in the subject Business economics - Miscellaneous, grade: 1,7, Wiesbaden University of Applied Sciences (Hochschule RheinMain), course: Digital Business Management, language: English, abstract: The primary purpose of this paper is to provide an overview of the implementation of blockchain technology in the food supply chain by showing its potential to build trust among the stakeholders and to make the food supply chain efficient and cost-effective. A comprehensive literature review covering books, articles, journals, news, and expert opinions has been conducted to address the research questions. The findings in the thesis lead to the conclusion that blockchain is a promising technology that has the potential to transform the food supply chain. Blockchain is capable of building consumer trust, providing information about the food we consume, and making the food traceability easier. Furthermore, it builds transparency among the stakeholders. Last but not least, it makes the food chain cost-effective by automating most of the transactions and eliminating paperwork and intermediaries. This paper ends with a discussion of some challenges in implementing blockchain due to its early phases of development.