• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Ethereum price

    Ethereum price prediction: ETH to retest $1,400 resistance

    UK police appoint Komainu to custody seized cryptos

    UK police appoint Komainu to custody seized cryptos

    Bitcoin Price Prediction

    Bitcoin price prediction: BTC/USD tested $30k support before moving higher

    Bitcoin exchange

    Biggest Bitcoin exchange in Brazil pushing to expand across Latin America

    Chainlink price prediction

    Chainlink price prediction: LINK testing key support at $18

    Upbit establishes Thailand presence as Bitkub faces technical hurdles

    Upbit establishes Thailand presence as Bitkub faces technical hurdles

    UBS economist discuss why cryptos can’t be “actual currencies”

    UBS economist explains why cryptos can’t be “actual currencies”

    SEC adds 8 crypto companies to its warning list PAUSE

    SEC adds 8 crypto companies to its warning list PAUSE

    30 Japanese arrested over NEM token stolen from Coincheck in 2018

    30 Japanese arrested over NEM token stolen from Coincheck in 2018

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Ethereum price

    Ethereum price prediction: ETH to retest $1,400 resistance

    UK police appoint Komainu to custody seized cryptos

    UK police appoint Komainu to custody seized cryptos

    Bitcoin Price Prediction

    Bitcoin price prediction: BTC/USD tested $30k support before moving higher

    Bitcoin exchange

    Biggest Bitcoin exchange in Brazil pushing to expand across Latin America

    Chainlink price prediction

    Chainlink price prediction: LINK testing key support at $18

    Upbit establishes Thailand presence as Bitkub faces technical hurdles

    Upbit establishes Thailand presence as Bitkub faces technical hurdles

    UBS economist discuss why cryptos can’t be “actual currencies”

    UBS economist explains why cryptos can’t be “actual currencies”

    SEC adds 8 crypto companies to its warning list PAUSE

    SEC adds 8 crypto companies to its warning list PAUSE

    30 Japanese arrested over NEM token stolen from Coincheck in 2018

    30 Japanese arrested over NEM token stolen from Coincheck in 2018

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Research News

50% of people think F&B industry must adopt blockchain technology, report

Manasee Joshi by Manasee Joshi
March 31, 2020
in Research News
2 min read
50% of people think F&B industry must adopt blockchain technology, report
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

A Q3 2019 survey conducted by the market research leader and consumer experts FMCG Gurus reveals that more people are willing to adopt blockchain technology than we anticipated, especially when it comes to attaining transparency in the food and beverage industry.

If there was ever a time when new technologies controlled most parts of our daily lives and businesses, it is now. In the F & B industry alone, the blockchain technology has found hundreds of use cases until now, thus boosting its adoption rate globally. In November, a research study revealed that deploying blockchain in F&B can prevent around thirty-one billion US dollars ($31 billion) losses in counterfeit food products.

Indeed, the anticipated results are promising. However, the bottom line is, are people ready to make the shift and trust a rather upcoming technology in ensuring food safety in the supply chain? The answer, unhesitatingly, is yes!

RelatedPosts

Blockchain bootcamp for a career in the FinTech industry

Heavy Bitcoin whales’ action before US election

Over half of US investors prefer Bitcoin, according to study

COVID-19 impact on the blockchain market

Blockchain, with its ability to distribute and store data in multiple locations at one time, will go a long way in instilling trust and integrity across the supply chain, states the article posted by New Food Magazine on Monday.

Blockchain technology is a must-have for F&B sector

The research that was conducted taking into account inputs received from twenty-six thousand consumers spanning across twenty-six countries, finds that only eighteen percent (18%) of the people know or have heard about blockchain technology.

However, when they are apprised of what it can do to transform some age-old industries such as F&B, which are currently struggling to meet evolving consumer demands, fifty percent (50%) of the respondents changed their stance and stated that they would like to see more blockchain applications in the food, beverages, and nutritional supplements.

A total of thirty-one percent (31%) of the survey respondents also mentioned that they do not rely on the information offered by certain food brands at the back of the product and would rather cross-verify its origins, ingredients, and manufacturing process.

Moreover, twenty percent (25%) of consumers also said that this feeling of mistrust in the system notably increased in the last two years, and blockchain technology should do something to address it. The consumers also added that they would particularly want to exploit blockchain potential in food traceability.

Given that the year 2019 saw a massive number of food contamination outbreaks, such as the E.coli and cyclosporiasis, and 2020 already reeling from the deadly pandemic, it isn’t surprising to find that consumers are becoming increasingly wary of what goes in their mouth.

Use blockchain to track carbon emissions

However, the best way to exploit this technology, according to fifty-eight percent (58%) of the respondents, is to use it in verifying and tracking the carbon footprints left during food production and distribution, something that largely remains a primary area of concern for meat-producing industries.

Besides, around fifty-one percent (51%) of the population also said that they would want to see food suppliers and vendors adopting the blockchain technology and making sure that they comply with business ethical and environmental standards.

Manasee Joshi

Manasee Joshi

An avid reader and an enthusiastic writer, Manasee recently chose to dedicate her time doing freelance writing. A degree in English literature and experiences in Administration, HR, finance, literature, creativity and innovation tucked under her belt, she crafts engaging and compelling content for crypto and blockchain audience.

Related Posts

Blockchain bootcamp for a career in the FinTech industry
Research News

Blockchain bootcamp for a career in the FinTech industry

November 6, 2020
Heavy Bitcoin whales action before US election
Research News

Heavy Bitcoin whales’ action before US election

November 3, 2020
US investors
Research News

Over half of US investors prefer Bitcoin, according to study

October 27, 2020

Follow Us

  • 40.6k Fans
  • 8.3k Followers

Latest News

Ethereum price

Ethereum price prediction: ETH to retest $1,400 resistance

January 22, 2021
UK police appoint Komainu to custody seized cryptos

UK police appoint Komainu to custody seized cryptos

January 22, 2021
Bitcoin Price Prediction

Bitcoin price prediction: BTC/USD tested $30k support before moving higher

January 22, 2021
Bitcoin exchange

Biggest Bitcoin exchange in Brazil pushing to expand across Latin America

January 22, 2021
Chainlink price prediction

Chainlink price prediction: LINK testing key support at $18

January 22, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.