TE-Food, a Hungarian tech company, is revolutionizing the food and beverage industry with its innovative use of blockchain technology to trace food supply chains. This cutting-edge technology is far more reliable than traditional digital transactions, as each transaction is permanently recorded on a decentralized ledger, making foul play easily detectable within the system.
This innovative approach to traceability is essential for the food and beverage industry, as it provides transparency and ensures the safety of supply chains. TE-Food’s blockchain ledger, known as the ‘TrustChain,’ allows for public access, further enhancing transparency within the supply chain.
During various stages of the food supply chain, traceability data is recorded on the blockchain ledger and made accessible to consumers through QR codes on product packaging. This not only allows for consumer access to vital information but also enables businesses to collect valuable data about their customer base.
The multipurpose nature of this technology is evident in its ability to help consumers, private companies, and governments ensure the safety and traceability of food products. TE-Food has collaborated with governments on projects such as mitigating African Swine Fever outbreaks, demonstrating the crucial role of this technology in maintaining food safety and security.
One of the main challenges of implementing traceability measures lies in winning the participation of supply chain members and ensuring the inclusion of unique QR codes on a wide range of products. However, the technology’s scope extends beyond just fresh produce, with applications in processed and packaged products as well.
Gergely Köves, Lead Project Manager on International Traceability Projects, emphasized the various applications of this technology, ranging from food safety and quality assurance to animal welfare and fair trade initiatives. This innovation is driving the food and beverage industry towards greater transparency, sustainability, and consumer trust.
