Blockchain in the field of food supply chain. Analysis of the technological implementation

Term Paper , 2022 , 23 Pages , Grade: 1,0

Business economics - Business Management, Corporate Governance

This paper deals with the analysis of the technological implementation of blockchain in the field of food supply chain.

Blockchain has long been more than just the technology behind the cryptocurrency Bitcoin. Rather, the technology is now considered the real innovation, which experts believe has the potential to change business models, governments, and even societies. Above all, it is increasingly coming to the public's attention because of its many possible applications. Basically, the blockchain is a public register that enables users to collaborate in a trustworthy and transparent manner. The blockchain system connects all participants in a peer-to-peer network, so no intermediaries are required. In addition to the financial sector, supply chain management is also mentioned in various publications as an important application area for the technology. The food supply chain in particular is increasingly coming into focus due to the increasing complexity and internationalisation of supply chains, as well as the demand for transparency on the part of customers against the backdrop of sustainability. The goals of blockchain technology in the food supply chain include optimising the international exchange of goods and its documentation, minimising the need for middlemen, traceability, and real-time localisation of products. Retail giants, such as Walmart and Carrefour, recognised the potential of the technology early on and rely on IBM Food Trust to map their own product portfolio as transparently as possible.

Table of Contents

List of Figures

1 Introduction
1.1 Relevance of the Topic
1.2 Aim of the Thesis

2 Blockchain Technology
2.1 Peer-to-Peer System
2.2 Architecture
2.3 Cryptographic Function
2.3.1 Public Key Cryptography
2.3.2 Cryptographic Hash Function
2.4 Participants of the Blockchain
2.5 How the Blockchain Works in General
2.6 Mining

3 Blockchain in the Field of Food Supply Chain
3.1 Basics of Food Supply Chain
3.2 Implementation of Blockchain in Food Supply Chain
3.2.1 Optimisation of the international Exchange of Goods and its Documentation
3.2.2 Minimising the Need for Intermediaries
3.2.3 Traceability of Data, Products and Raw
3.2.4 Real-Time Localisation within the Supply Chain
3.3 Example: IBM Food Trust
3.4 Advantages
3.5 Disadvantages

4 Conclusion

5 References

6 Glossary

• College: University of Applied Sciences Stuttgart
• Grade: 1,0
• Author: Leonie Schleicher (Author)
• Publication Year: 2022
• Pages: 23
• Catalog Number: V1191664
• ISBN (PDF): 9783346629937
• ISBN (Book): 9783346629944
• Language: English
• Tags: Blockchain, Digital Technologies, Supply Chain, IBM Food Trust, Peer to Peer, Mining