News and analysis on the global poultry
and animal feed industries.
New Technologies
on December 11, 2019

Blockchain, IoT could save food industry $31 billion in next 5 years

Digital technologies are used to verify the origin and authenticity of products throughout the supply chain.

The adoption of blockchain and Internet of Things (IoT) sensors and trackers could reduce food fraud costs by $31 billion by the year 2024, according to a new report from market analysis company Juniper Research.

The food industry could see substantial cost savings as early as 2021, while compliance…

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