Blockchain Changing the Outlook of the Sustainable Food Supply Chain to Achieve Net Zero?

Abstract

The food supply chain (FSC), being a complex network, faces major issues such as traceability, food security, safety and sustainability. Blockchain technology (BLCT) is regarded as an innovative technology that can transform FSC by means of its traceable, irrevocable, tamperproof network. BLCT being a new technology, little work has been carried out on the FSC domain. The purpose of the study is to examine the most recent trends, benefits, challenges, and application of BLCT in the FSC and explore the comprehensive adoption and application of BLCT, stating how it helps to achieve a triple bottom line (TBL) and net zero in the supply chain. The methodology used in this article is a systematic literature review (SLR) comprising 55 papers spanning the years 2018 to 2022. The findings of the study state that BLCT helps to achieve food safety, security, and traceability and increases the performance of the FSC. It also contributes to achieving the TBL of sustainability which can further help to achieve net zero. Based on this work’s insight and observations, practitioners and academics can better understand how companies can implement BLCT and achieve TBL benefits in the FSC, which could eventually provide a path to achieving net zero.