Blockchain in beer industry

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Blockchain in the Beer Industry

• A leading Blockchain app development company

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Introduction

• Your craft beer may be artisanal, but the cold
  ones made with blockchain are now the talk of the
  town.
•  
• As a secure, decentralized ledger, blockchain
  shines when it comes to supply chain management.
• Beer ingredients are increasingly being traced
  via blockchain technology, providing consumers a
  better understanding of where their beer comes
  from, how it's been prepared, and what it's come
  into contact with.

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Issues with the Beer Industry

• Beer recalls are a huge safety issue as well as a
  threat to profits. Food Safety magazine reported
  337 food safety recalls in the United States last
  year. Large amounts of beer are wasted, and
  consumer trust is shattered, in addition to the
  societal and corporate implications.
• As companies struggle to track a mix of digital
  and paper-based beer data documentation across a
  complex and growing network of suppliers and
  distributors, tracing beer across the supply
  chain can take days, if not weeks.
• Deficiencies in the beer system's production and
  monitoring processes expose it to vulnerabilities
  that could be avoided. Some merchants are
  responding by implementing blockchain for
  end-to-end tracking and monitoring of beer
  throughout the supply chain.
• Fresh produce now spends up to half of its shelf
  life traveling from the farm to the store.
  Complex supply chains, as well as gaps between
  producers, distributors, and retailers, reduce
  travel velocity and make it more difficult to
  keep beer fresh.

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The Importance of Blockchain in the Beer Industry

• Increased Sustainability
• Using Blockchain, sharing data across a supply
  chain can enable increased sustainability and
  transparency.
•  
• Waste Management
• With increased sharing of information, there can
  be substantial minimizing of waste and improving
  beer safety and freshness.
•  
• Stay Updated
• Supply chain participants can view critical
  information about beer shipments, such as the
  temperature in transit, which has lasting effects
  on the quality of a beer.

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The Importance of Blockchain in the Beer Industry

• Detect Inefficiencies
• Along with being used to detect anomalies, the
  information tracked through blockchain can also
  help identify supply chain inefficiencies and
  improve processes to be more resilient and
  sustainable.
•  
• Develop Credit Line
• Blockchain enables small and independent
  suppliers from isolated regions to open bank
  accounts, as well as develop a line of credit.
• Reduce the Bullwhip Effects
• Blockchain can consolidate demand information,
  decreasing demand forecasting's bullwhip impacts.
  None of the players in the beer game can have an
  unfair advantage over the others.

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The Importance of Blockchain in the Beer Industry

• New Supplier Onboarding
• For both buyers and sellers in a supply chain,
  new supplier onboarding is a time-consuming,
  manual process. Through an immutable record of
  fresh vendor details that business network
  participants can trust, blockchain supply chain
  solutions help accelerate this process.
• Know the Source
• Companies with top-to-bottom access into the beer
  chain can see where food comes from and under
  what conditions it was shipped. 
• Handle Disruptions
• A single unanticipated occurrence might set off a
  chain reaction of supply chain disruptions. Smart
  contracts are used in blockchain supply chain
  systems to automatically trigger when predefined
  business conditions are met. This provides
  near-real-time visibility into activities, as
  well as the ability to intervene sooner if an
  exception occurs.

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The Importance of Blockchain in the Beer Industry

• Increased Transparency
• A blockchain-powered digital beer supply chain
  provides full transparency across the beer
  ecosystem, allowing retailers to offer fresher
  products (with longer shelf lives) to their
  customers, resulting in lower product loss and
  higher margins.
• Track the Timeline
• Track how fresh beer is and how long it's been
  traveling in real-time to know how long it has
  been left on the shelf.
• Optimisation Using Data
• Secure transactional data, temperature data, and
  inventory levels, for example, enable your team
  to make proactive decisions based on that data to
  optimize and increase supply chain efficiencies.

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Build Customer Loyalty

• Consumers have more choices than ever before when
  it comes to where they buy their beer. In such a
  competitive beer sector, brand distinctiveness is
  critical to being at the top of consumers' minds
  when making purchasing decisions.
•  
• Consumer loyalty is driven by sustainability,
  which is often the main differentiation in a
  crowded economy. Consumers want to know more
  about the beer than simply the brand they want
  to know where it came from, and how it was made.
• Participants may ensure the claimed quality of
  items is undeniable by tracking each step of the
  beer supply chain and sharing data on an
  immutable ledger.

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Conclusion

• Understanding the key trends in blockchain
  technologies will let the beer industry become
  more efficient, profitable, and transparent with
  its customers.
• The year 2021, would fall in the post COVID era
  and enterprises would hopefully make relevant
  changes to keep them ready for the new normal.
• Blockchain technology can help eradicate the
  major supply chain issues from the beer industry
  and can help in adapting to the changed business
  scenario.

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Hire Debut Infotech

• Hire the best team of talented Blockchain app
  developers from Debut Infotech's rich talent
  pool. Know more about us now or ping us at
  info_at_debutinfotech.com

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