Basic by DECENT : Blockchain in Supply Chain

According to the statistics provided by WHO,an estimated 600 million — almost 1 in 10 people in the world — fall ill after eating contaminated food and 420 000 die every years. (DALYs).

Nowadays we live in global village , we buy and transport goods from one side of the World to the other side of the World, BUT most time we are buying from companies and people who we don’t even know. As a result, Traceability have become recognized as an essential tool for guaranteeing food safety and food quality. However, there are some challenges of Traceability.

Solution:Transparency

Blockchain can help promote transparency and help streamline the process of sharing information. Each actor can upload information and data about their products. By using blockchain-based solution,all the data will coordinated in one single platforms. In a food supply chain, all of the transactions for one item of food can be seen and validated at any point in time. This will allow every party in the supply chain to have a better picture of the food’s journey, all in the form of a digital ledger.

Challenge :Data Security

The second problem with traditional supply chain traceability is that data is stored in one single point. This pose a risk to the whole supply chain participants because all the knowledge about their products and services can be stolen and replicated. Let’s imagine the case for the certification of a cotton t-shirt: the fabric dyer has shared his formula for a Cradle to Cradle compatible red dye, which he developed, the rest of the participants in this supply chain had to do the same, all the information is securely stored on an encrypted database in the assessor’s location, but a hacker attack occurs and this gets stolen. Years of work have been lost. With a distributed ledger this couldn’t happen because the rest of the network wouldn’t accept that change on the ledger.

Solution:Immutability

Immutability can be defined as the ability of a blockchain ledger to remain unchanged, for a blockchain to remain unaltered and indelible. More succinctly, data in the blockchain cannot be altered. Each block of information, such as facts or transaction details, proceed using a cryptographic principle or a hash value. This functionality of blockchain technology ensures that no one can intrude in the system or alter the data saved to the block.

Use-Case 3IPK in Goods & Food Tracking: LYRA Chocolate

3IPK adapts its industrial blockchain system to the food industry. Cooperation with Slovak premium chocolate manufacturer Lyra results in delivering the first Lyra Blockchain chocolate to the market.

The Blockchain records bring supply chain transparency showing all production steps, demonstrating the quality of ingredients and prove the origin of each chocolate bar. The blockchain-based solution improves internal business processes, supply chain tracking and increases consumers’ awareness. Scan the QR Code and you can see the process step by step from harvesting to final product.

To learn more about 3IPK and it’s DCore powered solution check out our online presence at :

Website : www.3ipk.com or www.decent.ch
Facebook : https://facebook.com/DECENTplatform
Twitter : https://twitter.com/DECENTplatform
Telegram : https://t.me/decentch
Linkedin : https://linkedin.com/company/decent-ch

Providing a fast, powerful and customizable blockchain to help you easily build decentralized applications, Block by Block.