<ul><li>Food fraud is a major issue costing the global food industry up to $50 billion annually and posing health risks to consumers.</li><li>Blockchain technology is seen as a solution to combat food fraud by providing transparency in the supply chain and preventing counterfeit products.</li><li>While blockchain offers benefits like transparency and traceability, its implementation requires significant investments, hardware, training, and cooperation across the supply chain.</li><li>Pilot projects by industry groups and companies are underway to test blockchain networks for food traceability, but addressing challenges like data security, regulations, and technology integration is essential for wider adoption.</li></ul>

Ending Food Lies: Blockchain Could Revolutionize What We Eat, Study Reveals

Discover more