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Blockchain And Trade In The Food Industry €“ Risks And Opportunities

Author

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  • Mihaela Todorova

    (University of Economics – Varna, Bulgaria)

Abstract

Food products are of high public importance and their non-compliance with certain safety standards can lead to adverse consequences. For this reason, it is important to exercise increased control over the production, storage, distribution, and trade of food products. The management of these processes can be optimized through the use of new technologies to ensure transparency and information security. One such technology is blockchain, and through its adaptation in the food industry, the processes from production to sale can be optimized. This paper examines and summarizes the opportunities and risks of blockchain technology in the food trade. The study examines examples of already implemented systems in large food product chains.

Suggested Citation

  • Mihaela Todorova, 2023. "Blockchain And Trade In The Food Industry €“ Risks And Opportunities," Conferences of the department "Economics and Management of Trade", Publishing house "Science and Economics" Varna, issue 1, pages 320-326.
    • Handle: RePEc:vrn:commdh:y:2023:i:1:p:320-326
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    More about this item

    Keywords

    blockchain; food industry; trade; blockchain opportunities; blockchain risks;
    All these keywords.

    JEL classification:

    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • L66 - Industrial Organization - - Industry Studies: Manufacturing - - - Food; Beverages; Cosmetics; Tobacco

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