Blockchain Deployment and Smart Contracts
The Watson project focuses on implementing a platform for data storage and use by various stakeholders in the food supply chain leveraging blockchain technology. Critical information regarding the authenticity of food products is stored on the blockchain. This information cannot be tampered with, thereby ensuring traceability and preventing food fraud. Different supply chains have similar steps and stakeholders, but the information can vary in each one. Information collection can occur using Internet of Things (IoT) devices and smart sensors, through interfaces with the involved parties' information systems, or by recording control measurements such as DNA tests. Each participant (farmer/primary producer, processor, packager, distributor, wholesaler, retailer, etc.) enters the critical information for which they are responsible and can access others' critical information to ensure transaction transparency. Smart contracts help automate transactions, while a digital passport provides the necessary blockchain information in a simple and user-friendly manner for every platform user. Using appropriate technological solutions to keep usage costs low or having the main stakeholder/dominant player in the supply chain bear the cost, can make the platform more acceptable in practice to the involved parties. In addition to those involved in the food supply chain, regulatory authorities can also utilise the blockchain platform to control the authenticity of food products.
WATSON
Ongoing | 2023-2026
- Main funding source
- Horizon Europe (EU Research and Innovation Programme)
- Geographical location
- Ireland, France, Italy, Greece, Finland, Denmark, Other, Portugal, Germany, Luxembourg, Spain, Cyprus, Belgium, Slovenia, Austria, Hungary, Bulgaria