Food supply chain management, or FSCM, has long been put forth as a low-hanging-fruit application in the enterprise blockchain space. Now, after years of pilots, the verdict is finally in: Blockchain-supported FSCM works perfectly.
For innovation managers in food companies that haven’t yet dabbled, this is your chance. The big players have put in millions of dollars to prove the efficacy of the tech. All you have to do now is figure out the right application for your business.
Of course, there are still risks — and in this article I’ll provide ways to minimize them — but the opportunity is huge. Done right, you’ll reduce operational expenses, reach new markets, differentiate your products, and grow market share.
FSCM: The perfect enterprise blockchain use case?
Food supply chains check the “blockchain-can-fix-this” box, consisting of disparate and varied participants who would all benefit greatly from an improved ability to coordinate and