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Combating Food Fraud with Blockchain Technology:

Food fraud costs the global food industry up to $50 billion annually and poses serious health risks. While blockchain technology has the potential to combat this issue, challenges such as scalability, cost, and privacy concerns hinder its implementation.

Food fraud involves misleading consumers about food quality or content, with tactics like mislabeling and dilution. Notable cases include melamine in Chinese milk and horsemeat sold as beef in Europe. The economic impact is severe, affecting not just finances but also consumer trust and safety.

Experts like David Carvalho and Temujin Louie emphasize the need for a robust blockchain system to enhance transparency and traceability in food supply chains.

Successful examples, such as Walmart's collaboration with IBM, demonstrate the effectiveness of blockchain in reducing trace times. However, issues like data accuracy and regulatory hurdles remain.

A focused approach, integrating IoT and AI with blockchain, could lead to significant improvements in food safety and sustainability, ultimately addressing the pervasive problem of food fraud.

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