Blockchain Technology toward Creating a Smart Local Food Supply Chain

Abstract

The primary purpose of the supply chains is to ensure and secure the availability and smooth flow of the necessary resources for efficient production processes and consumption. Supply chain activities have been experiencing significant changes due to the importance and creation of the integrated process. Blockchain is viewed as an innovative tool for transforming supply chain management’s (SCM’s) actual business model; on the other hand, the SCM provides an applicative value of blockchain technology. The research is focused on examining the influence of blockchain technology on the increasing efficiency, transparency, auditability, traceability, and security issues of the food supply chain (FSC), with particular attention to the local food supply chain (LFSC). The main objective of the research is to suggest the implementation of blockchain technology in the local food supply chain as a niche of the food industry. The result of the research is the identification of a three-layers model of a smart local food supply chain. The model provides efficient and more transparent tracking across the local food supply chain, improving food accessibility, traceability, and safety.