SnackHack: Blockchain for Food Supply Chain Industry Success Story

Making all transactions visible and traceable within Blockchain

Blockchain solutions for the food industry to improve the quality and reliability of the supply chain.

Blockchain-in-Food-Supply-Chain-Overview

Business Overview – SnackHack

Blockchain technology will improve the way food is tracked, transported or sold. By preserving every digital record of the transaction, blockchain could overcome faultiness caused by traditional paper-based records.

The main goal is to create an immutable record of business transactions, distributed among multiple computers so as to prevent tampering with the data.

Our strategy was to reduce complexity, minimize costs and errors, and improve security. To prevent malicious parties from altering the ingredients of food

The Challenge

A food supply chain industry is a complex industry where a huge amount of data is generated, acquired, and distributed on a regular basis. Storing and circulating such sensitive data is significantly challenging..

To develop a high level of encryption to stop all digital identity theft so such huge data. Anyone can verify necessary credentials

The critical part was to create a protocol that provides smart contract functionality in blockchain and is used parallel to manage the supply chain.

Blockchain-in-Food-Supply-Chain-Challenge

Our Approach

We developed a blockchain peer-to-peer system without a trusted third party: transaction validation and decision-making are decentralized. The data recorded on a blockchain is distributed among all the nodes in the network and it is unalterable.

We created an open-source protocol. All transactions are visible and traceable within the blockchain, thus maintaining the complete history of all executed instructions. We developed a protocol that provides smart contract functionality in blockchain and is used parallel to manage the supply chain. Ethereum resulted in quicker transactions, as compared to bitcoin, and hence the derived conclusion proposed the use of Ethereum smart contracts for transparency of data management systems in the food supply chain.

USP of our project

Blockchain Prototype

To address the issue of the supply chain by managing authentication, confidentiality, nobility, and ease of sharing of data

Securing data

To enable users to interact through different types of transactions and make it more effective in the supply chain system

Ethereum smart contract

To enforce the level transparency, traceability and control over clinical trial sequences

Storage of information

A farmer could save information about crops like origination of plant, type of crop, the procedure for sowing, storage information and so on with the help of blockchain technology.

Guarantee that the food is safe

From origin to destination, the information such as raw materials collected from the farm, batch numbers, transportation details, and other details can be linked digitally to the food items within the supply chain blockchain.

Transparent system

To improve the quality and reliability of the supply chain by providing real-time visibility into the entire clinical trial supply chain

Project Highlights

A transparent and effective system that save resources and track cross border transactions.

A tamper-proof platform for the implementation of a system for stabilizing and securing the data set..

Details related to transfer of goods / materials can be linked digitally to the food items within the supply chain blockchain.

Results – A journey from Ideas to Success

Reduction in complexity, costs, errors and enhanced security for the food supply chain industry.

Provides information from origin to destination, such as raw materials collected from the farm, batch numbers, transportation details, storage temperature, expiration details, and others

Technologies we used

Hyperledger Fabric

Ethereum

Ripple

Quorum

Client Testimonial

“SoluLab has shown excellent commitment in creating robust solutions for our tricky project which contains a huge amount of data. Communication with the project manager and developing team was amazing, and the turnaround time on issue resolution continues to impress me.”