Examining the Potential and Hurdles of Blockchain Technology in Food Systems: An Overview

ABSTRACT Blockchain technology can potentially transform the food industry by offering opportunities for increased transparency, traceability, and efficiency. This review article explores the opportunities and challenges of blockchain in the food industry, including food safety and traceability, supply chain management, food authentication and verification, and consumer engagement. Blockchain can improve food safety and traceability, allowing the real‐time tracking of products and their ingredients from farms to forks. Blockchain can streamline supply chains, reduce waste, and improve efficiency. Blockchain can help verify the authenticity of food products and prevent counterfeiting and fraud. Blockchain can provide consumers with real‐time information about food products and encourage healthier choices. The adoption of blockchain technology in the food industry faces regulatory challenges, particularly in terms of food safety and labeling. Blockchain systems must address the security and privacy concerns of food industry stakeholders including consumers, farmers, and manufacturers. Blockchain technology holds significant potential for the food industry but presents significant challenges. This review article highlights the opportunities and challenges that blockchain presents in the food industry, areas where blockchain can have the greatest impact, and areas where further research and development are needed.