ABSTRACT
Blockchain technology is a complete secure distributed database (we also refer to it as a distributed ledger) where data is stored in every node. All stakeholders are equally responsible for every transaction. It gives rise to high security in the digital transaction, so many large companies are already changing their infrastructure adopt BCT, to name a few companies like McLane Company, Nestle, Unilever, Tyson Foods IBM Food Trust consortium including Dole Food, Driscoll’s, Golden State Foods, Kroger, McCormick, and Co., has also been examining blockchain technology for the food supply chain and secure traceability. Even China-based company Dianrng and FnConn have already launched successful chained finance to enable supply chain using BCT.
