Blockchain and Nutrition-Sensitive Value Chain management

Blockchain and Nutrition-Sensitive Value Chain management

Nutrition-Sensitive Value Chain management will need to establish blockchain in the future. Blockchain is a decentralized, distributed, and open digital ledger that is used to record transactions across many computers in such a way that the record cannot be changed without the agreement and active participation of everyone in the network. Transactions may be viewed in real-time and simultaneously, providing increased security and transparency.

However, there are other limitations and challenges that prevent it from gaining broader acceptance among producers and systems. Technical aspects, education, regulations, and regulatory frameworks are all challenges. The efficient linkage of postharvest operations and value chain operators requires high-speed internet service and devices for the chain management.

The activities and individuals involved in moving food products from growers to consumers are referred to as the food value chain. Participants in this chain require funding in order to carry out their tasks. Traditional financing institutions, rural producers, processors, and merchants are the most common sources of funds for Micro, Small, and Medium Enterprises, whereas large corporations rely on banks. Some commercial banks in India have engaged in learning about domestic agriculture markets in order to find unmet financial needs that they may fill. The technique adopted to cater to this clientele segment makes use of digital technology to make these services easier for clients while also keeping operating costs low.

Digital technology can also be customized to match the needs of certain agricultural value chain transactions. It also enables for the recording of transaction histories, which can be utilized to develop further rural financial services.

Think outside the box when it comes to packaging and storage;

Improved packaging is essential for extending shelf life, maintaining food quality, and ensuring food safety. Foods with the highest percentage of waste and the least amount of packing have a strong association. Although large-scale food processors are increasingly active in packaging innovation, ranging from the materials used to technology that can assist decrease contamination of packaged goods on the assembly line, there remains a paucity of improved packaging, particularly for perishables, in Bangladesh.

However, additional research is needed to determine which packaging approaches and technologies, such as passive technology or active and intelligent packaging that uses chemical or biological agents to prevent food deterioration, are the most successful. Any new food packaging introduced must be of food-grade material and certified by food safety norms and standards.

It is also necessary to ensure proper labeling. Food goods contain a variety of date labels, such as ‘best before, ‘use by’,’sell by’, and ‘expiry,’ which prompt customers to be apprehensive of buying or ingesting food. Labeling, on the other hand, must adhere to the Bangladesh Food Safety Authority’s recently adopted Packaged Food Labelling Regulations 2017.

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