Blockchain Technology Could Change the Way Food is Distributed and Consumed
|Related ATTRA Publication:
Knowing the Real Value of Food: Blockchain in a New Sustainable Food Economy
NCAT’s Jeff Schahzenski is co-author of a viewpoint published in Journal of Agriculture, Food Systems, and Community Development that says blockchain technology could change the way food is distributed and consumed. “Blockchain and Regaining Consumer Sovereignty in Sustainable Food Systems” notes that most consumers are separated from food production and may appreciate knowing more about the farmer or rancher who produced their food. The article suggests that whether local and regional food systems can utilize blockchain to choose to support producers will be a function of its cost to implement and, more importantly, whether customers in these systems will pay the needed higher price to fully reward the farmers and rancher who participate in that food system.