June 11, 2020

Food Supply Chain Will Benefit from AI and Blockchain Applications

Farmers are plowing under their harvests, milk is being dumped and at the same time people are going hungry in the cities; the coronavirus has completely disrupted America’s food supply chain, and has also caused disruptions in other food supply chains globally. New solutions are needed to fix this problem. With restaurants closed, food that normally was sent to restaurants has not been redirected to retail consumers, who now face shortages. Many, but not all, of the closed restaurants will re-open, and eventually food demand will re-approach the old “normal” levels, but we must develop a new level of resilience for our food supply chains so we are not threatened again like this. Can you be a part of the solution?

Ayadee.io Statement of Purpose

The recent Ayadee.io Food Supply Chain Hackaton began with the above call to action. Without question, when crops rot in the fields and fresh produce cannot find its way to a market which needs them, a fundamental human rights problem exists which must be addressed.

Accelerate InSite co-founder Dr. Adel Elmessiry was asked to inform this global group of change makers about how Artificial Intelligence and Blockchain may provide improvements on this essential yet broken supply chain.

Dr. Adel provided a basic introduction to how blockchain and AI work to alleviate supply chain waste and how the global food chain would benefit from these emerging technology applications.

Blockchain technology is a multi-purpose application which provides maximum levels of security, identity, transactional trustworthiness in an indelible or immutable form. Consensus across a distributed ledger of users (rather than a private ledger with only one user) assures trust and eliminates transactional costs which do not add value to the supply chain.

Artificial Intelligence in its many forms (including natural language processing, machine learning, deep neural network learning, virtual reality, computer vision and others) provides an automated data analysis capability that supports (not substitute for) human decision-making.

In combination, these tools operating in a cloud based environment can serve to connect the suppliers (farmers and food processors) with consumers (restaurants, grocery stores, food distributors and even individuals) and divert food sources to the food needs without undue delay or excess cost.

Accelerate InSite is proud to have co-sponsored the Ayadee Food Supply Hackathon along with the BMW Foundation, FocusHaus, FinTech4Good, the SMU Hunt Institute for Engineering and Humanity, the Global Inclusive Economy Society and the World Digital Economy Council.

The food supply chain dysfunction, like many other threats to human well-being, can be corrected by strategic applications of emerging technologies in combination with human engagement.

As the Covid-19 pandemic has taught us, solutions to human crisis exist which can be deployed through collaboration between those who are knowledgeable in the current business model who are willing to innovate it for the benefit of the greater good.

Can we really do otherwise?

https://hackathon.ayadee.io/about/