• Latest
  • Trending
Impact of blockchain in the packaging industry

Impact of blockchain in the packaging industry

February 23, 2022
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

XRP, Shiba Inu, and More: Here are Top 6 Altcoins Priced Below $1 to Watch for Next Bull Run – The Crypto Basic

October 31, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Zodia Custody expands in Hong Kong, receives VASP in Ireland … – Tekedia

October 31, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Why Altcoins and Crypto Stocks Were Flying High Today – The Motley Fool

October 30, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Embracing the crypto evolution: Institutional adaptation and the … – Arabian Business

October 30, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Acala Spikes 5% on Binance's New Altcoin Pairs News — Can ACA … – CCN.com

October 30, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Bitcoin Spark, BNB, and Toncoin: Price Outlook in Upcoming Bull Run – CryptoPotato

October 30, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Crypto Price Today: Bitcoin holds $34,000; Ethereum slips below $1,800; most altcoins up – Business Today

October 30, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

The Next Bull Market Is Approaching: Sparking Opportunities For … – CryptoPotato

October 30, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Crypto Analyst Benjamin Cowen Says Fed Pivot and Altcoin Rallies Won’t Happen Until This Occurs – The Daily Hodl

October 29, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Litecoin Pronóstico del Precio: LTC insinúa una corrección del 15% si se cumplen estas condiciones clave – FXStreet

October 29, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Brazil's USDT adoption soars in 2023, makes up 80% of all crypto transactions – Cointelegraph

October 29, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Can Presales Like Scorpion Casino Token Match the Historic … – NewsWatch

October 29, 2023
Friday, July 4, 2025
EGROW ONLINE
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoins
  • ADA
  • Litecoin
  • Dogecoin
  • ICO
  • Ripple
  • Market & Analysis
  • Videos
No Result
View All Result
EGROW ONLINE
No Result
View All Result

Impact of blockchain in the packaging industry

by admin
February 23, 2022
in Blockchain
0


Blockchain technology might be closely linked with cryptocurrency like Bitcoin, but the technology is also having a good effect on the supply chain.

Packagers use blockchain to enhance package tracking, boost security, and better accommodate the call for supply chain transparency.

Blockchain is a decentralized distributed ledger using a P2P (peer-to-peer) network, letting users add “blocks” logging actions and transactions.

There could be several ways how blockchain might affect the packaging industry. It is estimated that there could be three areas packaging industry could feel the impact of blockchain.

Those three areas would be:
● Tracing, tracking packages
● Facilitating consumer awareness
● Safeguarding brands from counterfeit production

It is suggested blockchain technology is poised to have a rapid adoption rate, as advances seem to make it simpler to access the technology.

Historically, keeping tabs on packages depended on physical paperwork and security measures traveling with the products. Blockchain alters the paradigm, letting packages communicate with the web, end-users, and the supply chain itself.

Instead of packing slips and bills of lading giving assurance, serial numbers, barcodes, RFID, additional security features, and other steps are now used to convey authenticity. As technology continues producing capabilities, QR codes and smartphones are also greatly doing direct engagement between buyers and product packaging.

Product packaging serves several functions; one of its most vital roles is informing consumers. As the call for broader transparency continues gaining momentum, consumers’ urge for product knowledge and provenance seems unquenchable. It is thought as many as 50% of buyers want more information about the products they purchase.

Responding to the consumer mandate, blockchain is boosting up labeling data, making more opportunities for manufacturers to connect with buyers.

Further, Blockchain adds efficient traceability of packaging to Food Supply Chains. In supply chain applications it could also be used on the packages to communicate electronic data interchange (EDI) codes and more.

Since the checkpoints become paperless and any product-related information required can be accessed on the spot.

Whereas tracking the origins of food-borne illness once took days or even weeks, it can now be checked almost instantaneously by just scanning a barcode or QR code. It is also worth noting that with blockchain, records can never be tampered retroactively, which means the entire information on the ledger is by default authenticated.

Given access to the scannable codes, end users will soon be able to authenticate every one of your brand promises by merely pointing their phone at your packaging. Blockchain, more so than any other technology prior to it, is an incredibly useful tool for forming a brand trust.

Having blockchain driving supply chain, your packaging becomes a new sort of brand ambassador—one not bound to corporate claims or the end line.

(By Mr. Gaurav Jalan, Founder of Packman Packaging)



Source link

YOU MAY ALSO LIKE

What do the Long-Term Technicals Predict for Blockchain Cuties Universe Governance (BCUG) Sunday? – InvestorsObserver

SBF takes the stand, ‘buy Bitcoin’ searches soar and other news: Hodler’s Digest, Oct. 22-28

Tags: Blockchainimpactindustrypackaging
ShareTweetPin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

XRP, Shiba Inu, and More: Here are Top 6 Altcoins Priced Below $1 to Watch for Next Bull Run – The Crypto Basic

October 31, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Zodia Custody expands in Hong Kong, receives VASP in Ireland … – Tekedia

October 31, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Why Altcoins and Crypto Stocks Were Flying High Today – The Motley Fool

October 30, 2023

Recent News

Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

XRP, Shiba Inu, and More: Here are Top 6 Altcoins Priced Below $1 to Watch for Next Bull Run – The Crypto Basic

October 31, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Zodia Custody expands in Hong Kong, receives VASP in Ireland … – Tekedia

October 31, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Why Altcoins and Crypto Stocks Were Flying High Today – The Motley Fool

October 30, 2023

Categories

  • ADA
  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Market & Analysis
  • Ripple
  • Videos

Follow Us

Find Via Tags

Ada Altcoin altcoins analysis Analyst Analytics Big Binance Bitcoin Blockchain BNB BTC Buy Cardano Coin Cointelegraph Crypto cryptocurrencies Cryptocurrency Digital DOGE Dogecoin ETH Ethereum finance Heres Insight Inu investors Litecoin LTC market Network news Prediction price Ripple SEC Shiba Solana Today Token Top week XRP
  • privacy And Policy
  • About Us

© 2020 Egrow Online

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoins
  • ADA
  • Litecoin
  • Dogecoin
  • ICO
  • Ripple
  • Market & Analysis
  • Videos

© 2020 Egrow Online