Is blockchain the missing link in the Halal supply chain?
The technology does indeed offer much promise as a solution to Halal traceability issues—providing a number of potential pitfalls can be overcome.
Occasionally, an innovation arrives that appears to be a tailor-made solution for a long-standing supply chain problem. A current example is the emergence of blockchain technology as a means of improving the traceability of food products, and the urgent need for improved traceability in the Halal food supply chain.
It’s a highly complex supply chain that requires trading partners to adhere to rigorous product segregation practices. All too often, however, these practices are not rigorous enough, causing failures that have eroded consumer trust.
Enter blockchain: a technology designed to engender trust with an immutable, tamper-proof database of product flows. The technology does indeed offer much promise as a solution to Halal traceability issues—providing a number of potential pitfalls can be overcome.
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Occasionally, an innovation arrives that appears to be a tailor-made solution for a long-standing supply chain problem. A current example is the emergence of blockchain technology as a means of improving the traceability of food products, and the urgent need for improved traceability in the Halal food supply chain.
It’s a highly complex supply chain that requires trading partners to adhere to rigorous product segregation practices. All too often, however, these practices are not rigorous enough, causing failures that have eroded consumer trust.
Enter blockchain: a technology designed to engender trust with an immutable, tamper-proof database of product flows. The technology does indeed offer much promise as a solution to Halal traceability issues—providing a number of potential pitfalls can be overcome.
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