Blockchain technology is revolutionizing the food and agriculture sectors, particularly in North America, according to a report from market researcher Reportlinker.
That’s why over the next five years the market for blockchain in agriculture and food supply will grow from a current worth of $60.8 million to $429.7 million.
Being able to track food products from Point A to Point B is big business, as Walmart found out after romaine lettuce was found to be contaminated. Because the origin of the contaminated produce could not be traced, people stopped buying all romaine lettuce. That’s why the retail giant recently gave its produce suppliers a year to integrate its blockchain protocol. Read more here.