Affiliation:
1. Department of Management and Technology Bocconi University Milan Italy
2. SDA Bocconi School of Management Milan Italy
3. DIR—Claudio Dematté Research Division, Sustainable Operations and Supply Chain Monitor, 20136 Milan Italy
Abstract
AbstractThis study examines how smart food‐sharing platforms (SFSP) can help reduce food waste and suggests a method for using smart contracts to share extra food among different partners effectively. For smart contracts to work automatically and prevent food wastage, artificial intelligence systems can recognize how smart clauses should be executed. This will involve analyzing several factors like the selling price, expiration dates, offers from other partners, transport costs, wholesale price, shelf life, donation rates, and demand rates. The findings indicate that adopting an SFSP is an efficient solution for preemptively adopting redistribution strategies and improving social outcomes through donations as well as achieving positive environmental outcomes through reduced waste. However, we also identify cases in which reducing food waste to achieve social sustainability may negatively impact economic performance.