Proponents of blockchain say it can make our food system more sustainable from farm to fork. But when Bitcoin alone is said to use more energy than Ireland annually, is there a fundamental chink in its armour?
Writing in The Conversation, professor of philosophy Fabrice Flipo and economist Michel Berne, both at Télécom School de Management, accuse the digital tech world of “[living] under the illusion that it is intangible”.
On the other hand, blockchain entrepreneurs suggest these criticisms are an oversimplification. Peter Fedchenkov, the CEO and founder of INS Ecosystem, a blockchain-powered e-commerce platform that connects farmers and manufacturers to consumers removing the need for retailers, told us: “It’s important to realise that […] not all blockchains are the same.”
FoodNavigator drilled down into the argument to understand the benefits and pitfalls of the growing use of blockchain in the food sector.