Blockchain can end the food fraud crisis, but it’s a costly battle

Food fraud siphons up to $50 billion from the global food industry every year and endangers public health. When deployed rigorously and realistically, blockchain could prevent this shadowy crime.

The problem? It comes with a high price tag. Scalability, cost, interoperability and integration pose significant barriers. Not to mention the privacy concerns, regulatory uncertainty and long path to stakeholder adoption.

But food fraud isn’t going anywhere. As David Carvalho, CEO of Naoris Protocol, observed: 

“Most people would be surprised to hear that…