Blockchain ‘could save food industry $31bn’ by 2024 – research

Blockchain ‘could save food industry $31bn’ by 2024 – research – FoodBev Media

The global food industry could save approximately $31 billion in food fraud costs by 2024 if companies utilise blockchain technology to monitor their supply chains, according to a new study conducted by Juniper Research. Blockchain is a tamper-proof digital ledger which helps to verify the origin and authenticity of products.