Report: $300B Worth of Food Will Be Traced Using Blockchain and IoT by 2027

Cointelegraph

Published Jul 03, 2020 08:00AM ET

Updated Jul 03, 2020 09:40AM ET

Blockchain technology and the Internet of Things (IoT) can solve some of the food industry’s most pressing challenges and save it $100 billion a year, according to a recent report by Cointelegraph Consulting and VeChain.

The report forecasts that $300 billion worth of food items will be traced along the supply chain annually within seven years.

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