Traceability

There are several technologies on the market that are dealing with traceability such as blockchain technology and internet of things (IoT) sensors. According to new research conducted by the World Economic Forum (WEF), these two giant new technologies have the ability to support a significant transformation of food systems.

A promotion of Carrefour Italia carried a hotshot, claiming to trace the chickens for sale in their respective shop outlets and supermarkets on a distributed ledger technology (DLT).

Halal food is a major industry today. Primarily consisting of meat and drinks, the Halal food market is expected to reach $2,550,000,000,000 in trade by 2024, serving Muslims all over the world.

French supermarket group Carrefour announced on Tuesday that it would enlarge its food traceability system based on Blockchain technology to add eight more products by the end of this year. At the present moment, the fintech programme includes only some chickens.