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<blockquote data-quote="cheryl" data-source="post: 1691" data-attributes="member: 1"><a href="https://cointelegraph.com/news/study-blockchain-can-reduce-food-fraud-by-31-billion-within-5-years" target="_blank">Study: Blockchain Can Reduce Food Fraud By $31 Billion Within 5 Years - Cointelegraph</a>The food industry could save up to $31 billion in global fraud savings by tracking food on its way from farms to consumers via the blockchain. A Nov. 25 <a href="https://www.juniperresearch.com/press/press-releases/blockchain-to-save-the-food-industry-%2431-billion-b" target="_blank">study</a> by Juniper Research reveals that blockchain technology, in combination with Internet of Things (IoT) sensors and trackers, will greatly reduce retailers’ costs by streamlining supply chains, while simplifying regulatory compliance, offering more efficient food recalls, and tackling fraud.The study points out that the increased adoption of blockchain and IoT in the supply chain industry will add significant value to the food business’s supply chain. By stacking these innovative technologies, the food industry could stack up to $31 billion in food fraud savings in just five years. Research author Dr Morgane Kimmich said:</blockquote>

[QUOTE="cheryl, post: 1691, member: 1"] [URL='https://cointelegraph.com/news/study-blockchain-can-reduce-food-fraud-by-31-billion-within-5-years'][B]Study: Blockchain Can Reduce Food Fraud By $31 Billion Within 5 Years - Cointelegraph[/B][/URL] [B]The food industry could save up to $31 billion in global fraud savings by tracking food on its way from farms to consumers via the blockchain. [/B] A Nov. 25 [URL='https://www.juniperresearch.com/press/press-releases/blockchain-to-save-the-food-industry-%2431-billion-b']study[/URL] by Juniper Research reveals that blockchain technology, in combination with Internet of Things (IoT) sensors and trackers, will greatly reduce retailers’ costs by streamlining supply chains, while simplifying regulatory compliance, offering more efficient food recalls, and tackling fraud. The study points out that the increased adoption of blockchain and IoT in the supply chain industry will add significant value to the food business’s supply chain. By stacking these innovative technologies, the food industry could stack up to $31 billion in food fraud savings in just five years. Research author Dr Morgane Kimmich said: [/QUOTE]

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