Blockchain in food industry can prevent $31 billion loss in food fraud

According to recent research published by Juniper Research blockchain in food industry can help save around thirty-one billion US dollars ($31 billion) in potential food frauds, essentially driving down losses for merchants. Blockchain in food industry is no longer an alien concept anymore as several big corporations today can vouch for food transparency and security through blockchain. Last month, America’s largest food GPO Topco Associates deployed Mastercard blockchain to bring trace its food supply origins. Around the same time, the mega supermarket chain Walmart announced a blockchain project to track seafood supply it receives from India effectively. In September, Sicily