Generic agriculture traceability

SPICES

India is a key player in the trade of spices. But, the existing system faces a number of issues-

  • Lack of formal policy on food traceability, specific to spices
  • The current tracking system is time-consuming and prone to errors.
  • Incomplete or delayed information on product recall/contaminated products.
  • A lot of paperwork involved in record-keeping, leading to deferment in tracing.
  • Lower exports due to lack of trust.

There’s a simple one-word solution to these problems- Blockchain. 

Consumers are now very mindful about the source of their products, and the sustainable nature of the products and the processes they go through. Thus, it is increasingly important for food products to be traceable and trackable throughout their supply chains. Blockchain ushers in this traceability. 

Traceability ensures the product’s authenticity, triggering greater exports and less product counterfeiting. It also provides better visibility for produce, hence generating more sales channels.

Raw Material procurement, crop insurance and FPO financing now become more convenient to finance, with greater trust in the system. This is what Blockchain does- brings trust in to a trustless system.

SHINE is a blockchain platform for traceability across supply chains, and here’s how the we will change the process for Spice production and trading- 

  • Consumers can verify the provenance of the product at the point of purchase.
  • End-to-end traceability of spices can validate and authenticate food origin and improve brand credibility.
  • The immutability feature helps prevent data tampering and other malpractices. 
  • Enhance and expedite the food recall process with real-time information gathering. 
  • Increase brand value for consumers by showing safety, authenticity, traceability, sustainable production of the product.
  • Ensure seamless compliance with export regulations by providing proof of ethical practices.
  • Better acceptance of the quality product by the foreign importers.

 

SHINE assures authenticity of product to the Customer, greater profits and easier funding to the MSME’s, and lower risk management costs and better customer satisfaction to Banks. Hence, every single participant in the supply chain is benefitted!

FOOD PRODUCTS

Rising urbanization, increasing disposable income of middle-class population and changing taste preferences of Indian consumers has led to a rapid growth in the Food Products market size.  It is expected to reach $647 million by 2023.

But, there are some issues that need to be addressed immediately so that this projected growth, in reality,  will be organic and sustainable, and won’t just be a bubble to pop.

  • No farm to fork traceability.
  • Incomplete or delayed information on product recall/contaminated products.
  • No indication of sustainable production or organic production.
  • Difficulty in financing raw materials due to lack of deep tier supply chain financing.
  • Lower exports due to lack of trust.

Adding to the list, consumers are now very mindful about the source of their products, the sustainable nature of the products, and the processes they go through. Thus, it is increasingly important for food products to be traceable and trackable throughout their supply chains. 

Blockchain ushers in this traceability and enables businesses to deal with each of the issues that this industry faces, hence becoming the ideal technology to turn to.

Traceability ensures the product’s authenticity, triggering greater exports and less product counterfeiting. It also provides better visibility for produce, hence generating more sales channels.

Raw Material procurement, crop insurance, storage of materials and FPO financing now become more convenient to finance, with greater trust in the system. This is what Blockchain does- brings trust in to a trustless system.

With SHINE, our blockchain platform, transparency and traceability can be achieved and with the solution we provide, this is what can be gained by the players in the supply chain-

  • Consumers can verify the provenance of the product at the point of purchase through end to end traceability across the supply chain.
  • Transparency can validate and authenticate food origin and improve brand credibility.
  • Enhance and expedite the food recall process with real-time information gathering. 
  • Greater acceptance by importers.
  • Show real time data to banks to make financing faster and at better rates

SHINE assures authenticity of product to the Customer, greater profits to the MSME’s due to increased trust, and low risk management costs to Banks. All the stakeholders in the supply chain are thus benefitted.

TEA AND COFFEE

Tea and Coffee are India’s most popular beverages. There is probably not a single household in which it is not a staple beverage. Despite the popularity, these industries face some challenges- the databases are siloed, there is a lack of streamlined data on product quality, product authenticity and sourcing details. This results in low efficiency. The cost of disputes and product recalls is high, and the brand value is low. 

Here’s something that can face these challenges head-on – Blockchain.

Sustainable and Ethical production is the need of the hour, thus, it is increasingly important for food products to be traceable and trackable throughout their supply chains. Blockchain ushers in this traceability. 

Traceability ensures the product’s authenticity, triggering greater exports and less product counterfeiting. It also provides better visibility for produce, hence generating more sales channels.

Crop insurance and FPO financing now become more convenient to finance, with greater trust in the system. This is what Blockchain does- brings trust in to a trustless system.

SHINE, our blockchain platform, solves these problems in the supply chain-

Source to shelf traceability leads to trust in product quality and authenticity.

The MSME’s get access to quick, low cost financing, they can ensure the authenticity of the products sold and the brand value increases with this increased transparency.

 Customers now are guaranteed of authentic products sans any adulteration or counterfeiting, since they can now access the story behind every product. They also will have access to various forms of financing for product purchases during checkout. 

Blockchain enables transparency and this results in low risk management costs, thus reassuring banks of safe investments. Banks will also have greater opportunities to lend across different lending products and can keep their customers happy because of increased service offerings. Hence, SHINE benefits all the stakeholders in the supply chain .

business get in touch right_man_two contact

Do you want to explore how Blockchain can be used for your business?

Get in touch with us now, and we’ll give you a call!