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Rebuilding the Food Supply Chain by Introducing a Decentralized Credit Mechanism

Author

Listed:
  • Yu Cui

    (Otemon Gakuin University)

  • Hiroki Idota

    (Kindai University)

  • Masaharu Ota

    (Osaka Gakuin University)

Abstract

Although a mechanism for trust in agricultural product transactions has systems and laws to endorse contracts, the credit relationship and security mechanism lack sufficient trust. Currently, an RFID traceability system is used to solve the problem that how to read and protect data, but the situation is such that the data can be tampered with, thus considerably lowering security. Blockchain technology, which is a distributed, shared, and encrypted database, however, can be used for such security. Through distributed accounting, a decentralized credit system can be established to enhance data security, which is a new mode to save time and costs. In this paper, the problems of the food supply chain system are systematically reanalyzed in the framework of traditional food supply chain systems. In addition, after analyzing the characteristics of blockchain technology, a decentralized credit mechanism for the food supply chain is proposed. The traceability of agricultural products based on the blockchain can realize fast and secure authentication permissions and achieve data security in which data cannot be tampered with or forged from anti-counterfeiting, and information privacy is protected.

Suggested Citation

  • Yu Cui & Hiroki Idota & Masaharu Ota, 2021. "Rebuilding the Food Supply Chain by Introducing a Decentralized Credit Mechanism," The Review of Socionetwork Strategies, Springer, vol. 15(1), pages 239-250, June.
    • Handle: RePEc:spr:trosos:v:15:y:2021:i:1:d:10.1007_s12626-021-00079-4
    DOI: 10.1007/s12626-021-00079-4
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    References listed on IDEAS

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    1. Thomas Allen & Paolo Prosperi & Bruce Cogill & Martine Padilla & Iuri Peri, 2019. "A Delphi Approach to Develop Sustainable Food System Metrics," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 141(3), pages 1307-1339, February.
    2. Krzyzanowski, Kathleen, 2019. "Putting Food on the Blockchain: A Regulatory Overview," Journal of Food Distribution Research, Food Distribution Research Society, vol. 50(01), March.
    3. Kamble, Sachin S. & Gunasekaran, Angappa & Gawankar, Shradha A., 2020. "Achieving sustainable performance in a data-driven agriculture supply chain: A review for research and applications," International Journal of Production Economics, Elsevier, vol. 219(C), pages 179-194.
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