Is the seafood supplychain blockchain makes the industry truly sustainable?

Come! Let us accelerate and make a move towards the sustainable seafood production and management.

Seafood is a highly nutritious and valuable source of food and so that it is very much crucial to stimulate its sustainability levels.

A statistical study shows that around 10 in 1 people on the planet use to derive their income from seafood (aquaculture and fisheries). Also, the global seafood production and consumption rates hit some millions and keep staying with an all-time high over the recent years. 

This has made the seafood as one of the world’s largest cum fast growing sector shining with an immense future scope. Hence it is vital to protect and enhance the operational efficiency of the seafood supply chains at a greater scale.

From a recent report, we came to know that blockchain has the power to transform the entire seafood supply chain domain by boosting the transparency level. As an evident, blockchain helps the aquaculture fisheries trace and record the overall operations of the fish supply chain with ultimate accuracy.

Perhaps, it too makes the data transparent and go beyond the consumers with no hassles. Thus each and every participant is aware of the complete information flow throughout the unified supply chain cycle.

How blockchain favours seafood?

The trend of utilizing computer systems or papers nowadays by a majority of seafood supply chain stakeholders has resulted in the bare interactions leading to lack of data traceability and transparency. 

But with the distributed ledger technology blockchain (seafood supplychain blockchain), the information or data right from the bait to the plate could be recorded and stored in a public blockchain (decentralized, immutable and distributed digital database system), which will make the industry fulfill all sorts of globally growing demands in relation to seafood production phases at ease. 

In addition, the seafood blockchain development also helps and works in addressing the consumer issues (environmental concerns and overfishing) in terms of food safety and sustainability. This is how the blockchain technology proves its beneficial effects over the seafood supply chains.

Blockchain on a company level: The companies can digitize their core business related documentations with blockchain to reduce the cost and to optimize the efficiency. By the way, they can make their value supply chains more productive than before.

Blockchain on a consumer level: The consumers who crave for more sustainable and healthy seafood products can have access to a broad range of industry relevant information with blockchain. By the way, they too can make a well-informed choice by going with the companies that are set to embrace sustainability.

Thus the seafood supplychain blockchain serves as a premier tool to import a secure cum sustainable future for the seafood industry with no doubt. Yet, we should also keep in mind that this is a relatively new technology and to analyze its full potential, we need to be ready to overcome its technological and socio-economic challenges.

Common challenges with seafood production and supply chains:

·         Lack of traceability or inadequate information:

Though the seafood industry has been collecting substantial amount of information as of now, the ultimate key data looks somewhat inaccessible at times. And there arises a problematic condition in the potential to utilize the key data.

·         Lack of safety:

There might be some chances for the consumers to land up with certain adulterated seafood products.

·         Huge market demands:

The supermarket chains put a greater demand to know from where the seafood products originate or come from.

All the above mentioned challenges are inter-linked with each other since traceability and transparency are very much essential in order to assure food safety and to combat fraudulence.

A unique blockchain induced sustainaibility solution for efficient food supply chain management:

Several cutting-edge technological projects (seafood supplychain blockchain) have been found to be launched consistently in the market to support the production chains of the seafood industry. 

Tracefood is one such industry-demanding project, which is nothing but a blockchain based seafood traceability and data transparency ecosystem that aims to establish an extended level of sustainability in the modern food supply chains by bridging the existing gaps in trust. 

Being a game changer, it has been working with an intention to bring complete transparency in supply chain cycles right from the farm to the table, thereby ensuring trust and safety to the community of food consumers. 

If you wish to plan for a seafood blockchain development, then don’t hesitate to make tracefood as your premier choice.