Why Buffalo Market is Investing in the Blockchain
Why We are investing in Blockchain
Grocers and the Food industry are utilizing Blockchain technology in order to add transparency to the food supply ecosystem by digitizing the entire food supply chain process. With the help of Hyperledger fabric, the company is able to make the process transparent, traceable, and reliable.
Employees can track products for their origin, and it only takes a few seconds to scan a dozen of products to know where the fruit came from and where it is stored at present. Technology helps grocers' employees in tracking the origin of food in just a few seconds instead of days. This makes it easier to monitor and track food safety. Moreover, it reduces paper waste, automates the entire process, and accelerates supply chain transparency.
Suppliers can add trust to their deliveries by jumping onto the blockchain and overall costs are reduced because smart contracts execute payments automatically as soon as certain conditions are met.
Buffalo Market is leading the way in providing its partners with previously unheard-of transparency. We’re currently outfitting 100 of our delivery trucks with sensors to track their location on GPS, as well as their temperature and humidity levels.
Using far-reaching wifi made possible by Helium LongFi technology, the data from these sensors will update to the blockchain in real-time. Buffalo Market’s suppliers and retail partners will know precisely when a delivery was made and under what conditions. This revolutionary transparency incentivizes truck drivers to make timely, well-cared-for deliveries and gives valuable insights if and when something goes awry.
As the leading distributor of mission-driven food and beverage products, Buffalo Market stays on the cutting edge of innovation to provide the best possible service and relationship with our partners. To learn more about how Buffalo Market can help with your distribution, contact us today.