Blockchain: trust through accountability
With this transparency concept, suppliers and processors would submit relevant information to the blockchain about their ingredients via a portal or connections to legacy systems such as S/4HANA. This process would be similar to the one already required by regulators through disconnected, standalone systems. Enabled by IoT sensors, every single step the product takes is accessible to all parties, fostering inter-party trust and accountability and eliminating the need for a 3rd-party regulator.
From easier audits and regulatory compliance to guaranteed safer, high-quality ingredients, the solution benefits everybody along the value chain. Even more, with this solution, the end consumer will be able to scan a QR code on the product’s packaging for detailed information about ingredients, allergens, sustainability, certifications and more.
This new way of working will happen; it’s just a matter of time. However, Manna Foods can’t spark this transformation alone. An entire mindset shift across the ecosystem is needed for this vision to become reality.
Is your company ready to take this next step? Get in touch with our experts!