Blockchain News

US FDA Releases Blue Print For Food Security

The United States Food and Drug Administration has developed a blockchain option for food security. The blueprint has mentioned points about the challenges faced of food distribution and how it can be resolved.

“Our world is evolving at a breakneck pace. With this evolution comes new technologies, ranging from new digital tools to new sources of food ingredients. […] These advances provide new tools and approaches for tackling food safety issues, but also present new issues to consider in determining how to regulate food safety,” the blueprint read.

The new technologies which suggested includes artificial intelligence, the Internet of Things, sensor technologies and blockchain.

These have four aspects: tech-enabled traceability, prevention and outbreak response, retail modernization and food safety culture.

Blockchain technology specially comes into play for receiving critical tracking and key data elements in the industry.

“The FDA has been talking about blockchain’s potential over the last two years. In June, the FDA’s Food and Drugs Commissioner Stephen Hahn and Food Policy and Response Deputy Commissioner Frank Yiannas noted the devastating impact COVID-19 has had on the food supply chain sector,” according to a Cointelegraph report.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.