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Beefing up Blockchain

How Blockchain can Transform the Irish Beef Supply Chain

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As the demand for beef continues to grow resulting in increased exports, there is a greater need for end-to-end traceability, quality and safety assurance globally. Traditional supply chains need to be transformed to meet these requirements and it is proposed that this is achieved by utilising new technologies such as Blockchain, Internet of Things, Augmented Reality and Data Analytics.

This report is concentrated around the beef industry in Ireland, the benefits of Blockchain and the value it can generate when applied to the beef industry, The report provides identified use cases that can be implemented globally.

The six use cases identified for the technology, presented in this report, that can create significant value for the industry’s end-to-end supply chain and more over sustainability and safety are:

  1. Grass Fed Assurance
  2. End-to-End Traceability
  3. Trade Finance
  4. Consumer Engagement
  5. Consumer Feedback Loop
  6. Certification 

To demonstrate how Blockchain is already transforming the beef supply chain, the report showcases a case study from Wyoming Beef Producers who are in the process of implementing “BeefchainTM”. This allows the rancher to receive a premium price for beef and provides consumers with greater confidence in beef they consume.

Benefits of Blockchain for the Beef Industry include:

  • Lower supply chain costs
  • End-to-end traceability and visbility
  • Enhanced customer experience 
Download the report to find out more.

 

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