Blockchain technology can be adapted to achieve many goals in life. Whether it is more transparency, easier management or just relying on decentralized services, the possibilities are endless. And even for the everyday consumer, there are multiple benefits stemming from using the blockchain. Have you ever wondered how the food you are eating went from seed to a full-fledged meal? You might find out sooner rather than later.
The End of the Supply Chain
Regardless of how you look at things, all of us are the consumer who received a finalized product. Whether that product comes in the form of electronics, food, drinks, or even medicine, we hardly ever find out about all of the steps in the production process. Nor do many people care all that much about those details, but that might change soon.
One of the more interesting aspects is food. When you listen to mainstream media, the topic of “food and health” is becoming increasingly popular. On the other hand, there is a lot of research going into the production of food and the impact it may have on our bodies and minds. If there was something wrong with the food you ate, wouldn’t you have liked to know it in advance?
Imagine a world in which we would be able to document every step of the supply chain. From the day a seed has been planted, to how it has been irrigated, the maturing process and the harvest. From that point forward, we would be able to look at how the product is used, where it ends up and which processing facilities it has gone to.
People often state they would rather not know the manufacturing process of what they eat, and such a statement holds a certain merit. However, everything we consume on a daily basis involves us trusting the manufacturers with our lives. It only takes one bite to turn your life on its head, and not in a positive manner.
A Detailed Map of Everything
Using blockchain technology to this end would certainly give us some valuable insights to say the least. You can rest assured that several manufacturers and processors would like nothing more than to keep things the way they are, though, and for various reasons. Consumers value transparency quite a bit, but corporations do not.
That being said, blockchain technology adoption would lead to new kinds of relationships between consumer and producer. Rather than relying on the middleman to tell you everything about that new dish you have tried, you could access all the information yourself. Those carrots you just ate taste quite different from what you are used to, but why is that? All the relevant information could be at your fingertips, thanks to the blockchain.
Our society has involved in such a way that we all want to consume more and more, without giving things a second or third thought. It is time we stand still for a moment and start to wonder how the things we consume have ended up in our hands. Was every worker treated fairly? Are only proper materials used? Did anyone mess with chemicals along the way? All of these questions are being drowned out by mainstream media and corporations forcing us to consume more.
Boosting Local Produce and Businesses
Granted, not everything we consume can come from our own region. Whether it is due to weather conditions, operating facilities or the cost of labor, some things will have to be completed far from our beds. But that doesn’t mean we do not deserve to know about them, or find out more at our leisure.
As a result, farmers with local produce could benefit tremendously from the transparency of blockchain technology. People would be able to see what kind of food he provides, how the process works, and potentially gain a new level of appreciation for local products. Plus, it might help stimulate the local economy in multiple ways as well.
Local business could also work out a system with [potential] customers to semi-predict their quarterly revenue. By using smart contracts, orders can automatically be filled as soon as a desired price point has been reached. Seeing as how these smart contracts are executed automatically, business runs on autopilot in some regards.
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