The Agricultural Marketing Service of the USDA is proposing the use of blockchain technology to help trace the organic product supply chain. They suggest that DLT could play an essential role in making the supply chain of organic products more traceable.
USDA interested in blockchains
An August 5 report from the US Department of Agriculture (USDA)’s Agricultural Marketing Service (AMS) noted that electronic tracking systems like blockchain could play a key role in adding traceability to the supply chain of its organic products.
The report states,
“DLT can provide secure, verifiable, transparent, and near-instantaneous tracking at the item level in complex supply chains. Critically, DLT can also protect confidential business information and trade secret information by automatically restricting sensitive information to authorized entities.”
The agency also acknowledged that leveraging an emerging technology like blockchain will demand additional development and time before an adequate system can be established in the organic … Read more