Blockchain in beer industry

1. Blockchain in the Beer Industry A leading Blockchain app development company

2. Introduction • Your craft beer may be artisanal, but the cold ones made with blockchain are now the talk of the town. • As a secure, decentralized ledger, blockchain shines when it comes to supply chain management. • Beer ingredients are increasingly being traced via blockchain technology, providing consumers a better understanding of where their beer comes from, how it's been prepared, and what it's come into contact with.

3. Issues with the Beer Industry • Beer recalls are a huge safety issue as well as a threat to profits. Food Safety magazine reported 337 food safety recalls in the United States last year. Large amounts of beer are wasted, and consumer trust is shattered, in addition to the societal and corporate implications. • As companies struggle to track a mix of digital and paper-based beer data documentation across a complex and growing network of suppliers and distributors, tracing beer across the supply chain can take days, if not weeks. • Deficiencies in the beer system's production and monitoring processes expose it to vulnerabilities that could be avoided. Some merchants are responding by implementing blockchain for end-to-end tracking and monitoring of beer throughout the supply chain. • Fresh produce now spends up to half of its shelf life traveling from the farm to the store. Complex supply chains, as well as gaps between producers, distributors, and retailers, reduce travel velocity and make it more difficult to keep beer fresh.

4. The Importance of Blockchain in the Beer Industry • Increased Sustainability Using Blockchain, sharing data across a supply chain can enable increased sustainability and transparency. • Waste Management With increased sharing of information, there can be substantial minimizing of waste and improving beer safety and freshness. • Stay Updated Supply chain participants can view critical information about beer shipments, such as the temperature in transit, which has lasting effects on the quality of a beer.

5. The Importance of Blockchain in the Beer Industry • Detect Inefficiencies Along with being used to detect anomalies, the information tracked through blockchain can also help identify supply chain inefficiencies and improve processes to be more resilient and sustainable. • Develop Credit Line Blockchain enables small and independent suppliers from isolated regions to open bank accounts, as well as develop a line of credit. • Reduce the Bullwhip Effects Blockchain can consolidate demand information, decreasing demand forecasting's bullwhip impacts. None of the players in the beer game can have an unfair advantage over the others.

6. The Importance of Blockchain in the Beer Industry • New Supplier Onboarding For both buyers and sellers in a supply chain, new supplier onboarding is a time-consuming, manual process. Through an immutable record of fresh vendor details that business network participants can trust, blockchain supply chain solutions help accelerate this process. • Know the Source Companies with top-to-bottom access into the beer chain can see where food comes from and under what conditions it was shipped.  • Handle Disruptions A single unanticipated occurrence might set off a chain reaction of supply chain disruptions. Smart contracts are used in blockchain supply chain systems to automatically trigger when predefined business conditions are met. This provides near-real-time visibility into activities, as well as the ability to intervene sooner if an exception occurs.

7. The Importance of Blockchain in the Beer Industry • Increased Transparency A blockchain-powered digital beer supply chain provides full transparency across the beer ecosystem, allowing retailers to offer fresher products (with longer shelf lives) to their customers, resulting in lower product loss and higher margins. • Track the Timeline Track how fresh beer is and how long it's been traveling in real-time to know how long it has been left on the shelf. • Optimisation Using Data Secure transactional data, temperature data, and inventory levels, for example, enable your team to make proactive decisions based on that data to optimize and increase supply chain efficiencies.

8. Build Customer Loyalty • Consumers have more choices than ever before when it comes to where they buy their beer. In such a competitive beer sector, brand distinctiveness is critical to being at the top of consumers' minds when making purchasing decisions. • Consumer loyalty is driven by sustainability, which is often the main differentiation in a crowded economy. Consumers want to know more about the beer than simply the brand; they want to know where it came from, and how it was made. • Participants may ensure the claimed quality of items is undeniable by tracking each step of the beer supply chain and sharing data on an immutable ledger.

9. Conclusion • Understanding the key trends in blockchain technologies will let the beer industry become more efficient, profitable, and transparent with its customers. • The year 2021, would fall in the post COVID era and enterprises would hopefully make relevant changes to keep them ready for the new normal. • Blockchain technology can help eradicate the major supply chain issues from the beer industry and can help in adapting to the changed business scenario.

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