Business Standard

How blockchain technology is helping to fight fraud in food industry

Blockchain systems are secure, but their data - like other databases - are only as accurate as what is entered

Representative Image
Premium

<a href="http://www.shutterstock.com/pic-145996466/stock-photo-beef-steak.html" target="_blank">Image</a> via Shutterstock

Nir Kshetri | The Conversation
When a Chinese consumer buys a package labeled “Australian beef,” there’s only a 50-50 chance the meat inside is, in fact, Australian beef. It could just as easily contain rat, dog, horse or camel meat – or


mixture of them all. It’s gross and dangerous, but also costly.
Fraud in the global food industry is a multi-billion-dollar problem that has lingered for years, duping consumers and even making them ill. Food manufacturers around the world are concerned – as many as

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in