This paper is part of the International Journal of Applied Research in Business and Management (ISSN: 2700-8983), Volume 5, Issue 2, published in 2024.
Authors
Juan C. Montenegro Hernandez
Abstract
This paper presents the findings from a systematic literature review that explores the applications of blockchain technology within the food industry. The review is based on an analysis of 83 selected publications which have been sourced from ScienceDirect and Web of Science databases. The findings show promising and multifaceted ways of blockchain technology in the supply chain. By enabling secure and traceable data management, blockchain contributes to more safety and reliability of information hereby contributing to auditing functions as well as enabling sustainability-oriented business and reporting practices. The impact of blockchain technology is affecting various stakeholders in the supply chain. For example, consumers benefit from improved access to trustworthy food-related information, which in turn can shape purchasing decisions. Businesses, on the other hand, face the imperative of assessing the potential implications of blockchain technology on their existing strategies. Despite the evident progress and the promise of numerous advantages, it is apparent that blockchain technology in the food industry remains at an early stage of development with much work ahead with respect to academic contributions and practical implications. It is essential to tailor the implementation of blockchain technology to the specific conditions of individual supply chains, particularly regarding different types of food products. This applies equally to the bakery industry, where academic research is still missing so far. Therefore, insights from other sectors within the food industry are informative as to their applicability in the bakery industry as well if they are indirectly applied.
Suggested Citation (APA 7th)
Montenegro Hernandez, J. (2024). Blockchain Applications in the Food Industry: A Systematic Literature Review. International Journal of Applied Research in Business and Management, 5(2). https://doi.org/10.51137/ijarbm.2024.5.2.23
