Blockchain advances amid predictions of buoyant future in perishables supply chain
Blockchain is on the threshold of a bright future in perishables logistics, according to MarketsandMarkets.
A report published by the research firm predicts that the blockchain market in the agriculture and food supply chain will reach a volume of $948m by 2025.
Propelled by concerns about food safety, the use of the technology in the sector will show a compound annual growth rate of 48.1%, the authors believe. They anticipate the fastest momentum happening in North America.
Commodity Forwarders, a Kuehne + Nagel company that specializes in moving perishables by air, has not seen a lot of demand for blockchain so far, reported Chris Connell, senior vice-president, perishables, North America.