More consumer protection and product safety

Federal Cabinet decides Blockchain-Strategy - for more transparency, efficiency and security along value chains. In its meeting last Friday, the federal cabinet decided on the so-called Blockchain- Strategy adopted by the federal government. The Federal Ministry of Food and Agriculture is significantly involved in this. Focused on studies by the Thünen Institute on the use of the Blockchain-Technology along the value chains. The technology should be used and promoted to ensure ecologically and socially sustainable, efficient and secure supply and goods chains.

Federal Minister Julia Klöckner: "In this way we are making a significant contribution to more transparency, consumer protection and product safety. The technology gives us the opportunity to trace every transport and processing step in a forgery-proof manner. As consumers, we then know exactly whether a product actually contains what it says on it Whether standards and requirements for sustainability or transport routes have been complied with, which seals promise, for example. In crisis situations, the secure and complete traceability of transactions and certifications also enables food monitoring to act quickly."

BlockchainApplications are also planned for the technology-open funding of the Federal Ministry of Agriculture's digital experimental fields on farms and in rural areas. For example, when using digital technologies for optimal water and nutrient supply in crop production.

Hintergrund:
The Blockchaintechnology is one of the most discussed innovations in the digital transformation of business and society. Decentralization, transparency, reliability and protection against counterfeiting are the properties that create trust and promise a wide range of applications. On the other hand, there are associated so-called "disruptive" characteristics that could initiate fundamental changes in the economy. With the present strategy, the federal government takes a holistic view of the potential but also the disadvantages of the technology. Innovations should be promoted and investments initiated. At the same time, the overall economic balance should be maintained. It is important that the applications take place in accordance with the sustainability and climate protection goals of the federal government.

https://www.bmel.de/

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