Blockchain can a gamechanger for the traceability of halal food products, but misconceptions swirling around the technology, limited case studies and lack of regulatory endorsement remain a major hurdle
Halal food products need to fulfill stringent certification requirements is stating the obvious. However, deploying evolving solutions such as distributed ledger technology (DLT) not only helps streamline the entire value chain but enhances transparency, too.
Blockchain-based traceability streamlines processes and offers cost efficiencies. It also provides a much-needed layer of trust for Muslim consumers and importers. This is especially important considering that food fraud costs between $10 billion and $40 billion to the global industry each year, according to the US Food and Drug Administration.
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