Enhancing Food Security: A Blockchain-Enabled Traceability Framework to Mitigate Stockpiling of Food Commodities

Stockpiling or hoarding of food supplies has become a major threat to global food security in recent years. To mitigate this problem, this study proposes a blockchain-enabled tracing system to reduce food commodity stockpiling and improve global food security. The framework uses the immutability, transparency, and decentralized consensus of blockchain technology to create a reliable and auditable food supply chain tracking system. The proposed system uses blockchain technology to permanently record all transactions along the entire supply chain, from manufacturing to retail. The framework uses smart contracts to automate and enforce standards for the handling, transportation, and supply of food products. The system also features a distributed network of nodes responsible for validating and verifying the data stored on the blockchain to ensure its accuracy and authenticity. The system’s security is improved by the distributed architecture, which also makes it more resistant to fraud and tampering. Furthermore, producers, suppliers, wholesalers, and regulators can all utilize the blockchain to get real-time visibility of the flow of food commodities, allowing for prompt action to be taken in the event any stockpiling tendencies are observed. These findings underline the efficacy of the blockchain-enabled tracking framework in reducing hoarding behaviors and fostering a more uniform distribution of food commodities, both of which contribute to higher levels of food safety. This study concludes with a creative solution to better ensure food security for all, The proposed traceability architecture improves supply chain transparency, efficiency, and accountability.