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If implemented, Blockchain would allow
consumers to be able to see exactly where
their food was grown, the type of pesticides
and antibiotics that were used, where it was
processed – including a host of information
at this stage – and even how it compares to
other products on the shelf. The consumer
would therefore be able to make an
intelligent decision about the grocery item.
This is why we are increasingly seeing
Blockchain being used to provide a secure
and reliable record or ledger for companies
to track the movement and traceability
of goods, including their origins and
constituent ingredients.
Blockchain integration
By integrating Blockchain into their existing
supplier management systems and
throughout their partner network, companies
can incorporate the technology into their
supply chain easily and quickly. This lets
them reliably share and conduct trusted
transactions with their suppliers and trade
partners and ensure that all stages of the
process are tracked and verified by a stamp
of approval from a number of third parties.
www.intelligentcio.com
FEATURE: BLOCKCHAIN
origins can make the difference between
whether a consumer buys it or not, and
Blockchain technology can help provide
that information.
Craig Nel, Mobile & Cognitive Experience
(MCX) Leader at Oracle Middle East, Africa
and Turkey
Gain transparency, traceability
and trust
Trust through traceability is a touchstone
for so many brands, just as it is for Certified
Origins and its Bellucci brand. Being able
to guarantee country of origin, mode of
production and quality to the end customer
is paramount in an era where people
want to make informed decisions about
their food choices seeking out organic or
ethically sourced foods. Proving a product’s
The potential use cases for Blockchain
technology are incredibly diverse. In
Nigeria, the Nigeria Customs Service
(NCS) adopted Oracle Blockchain Cloud
Service to build a trusted platform for
the automation of customs excise trade
business processes and procedures. Using
this technology, the NCS could migrate
their entire business environment to
Blockchain and so automate processes
and create transparency and predictability.
The technology is helping the NCS to build
global trust for Nigerian businesses through
irrefutable data on goods manufactured in
the country.
As consumers become more discerning,
manufacturers need to start thinking how
they can get their supply chains set up to
be able to prove exactly where their goods
have come from. Integrating Blockchain
seamlessly into their existing systems is an
extremely straightforward step for more
manufacturers to accordingly take. n
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