ROLE OF IOT & BLOCKCHAIN IN ENHANCING PERISHABLE GOODS LIFE

Abstract

In this article, the potential of Internet of Things (IoT) and blockchain technology in transforming supply chains and warehouses of perishable goods has been discussed. As the global perishable goods market is worth 1.93 billion USD a year (2023) with an anticipated CAGR of 2.8% (2023–2027), these technologies directly pertain to some of the key challenges in the industry, including traceability, data integrity, as well as quality management. Blockchain provides transparency and traceability via its decentralized, immutable ledger, and IoT allows for real-time monitoring of eco-friendly conditions (e.g., temperature and humidity) to guarantee product freshness and safety. The combined value of IoT and blockchain allows for greater efficiency in the food supply chain by providing complete transparency for each item propagating through a supply chain, from farm to fork, while enabling food safety and quality certification. Smart indentures automate further, reducing intermediaries and reducing human error in organizational logistics. The study highlights the increasing importance of these technologies to meet the growing global demand for fresh seafood. It assesses their collective influence towards transparency, traceability, and efficiency whilst overcoming challenges including data integrity, scalability, and environmental impact. The study investigates, via literature review and case studies, existing implementations, identifies gaps, and outlines best practices around improving the perishable goods lifecycle.