The packaging is an emerging industry with hundreds of businesses joining the sector every day. It is highly competitive; at the same time, there exist unlimited growth opportunities. Everything we purchase today comes in some sort of packaging. It can be custom boxes, shipping cartons, bottles, jars, cans, paper bags, or standup pouches, etc. With the increasing demand of packaging worldwide, various variations have been made over time. Blockchain is one of the technological variations. Here we are going to discuss how interests in packaging concerns are increasing across the industry with blockchain:
A Blockchain is a system of recording information such that it becomes difficult or almost impossible to change, hack, or deceive the system. It is a digital ledger of transactions. These transactions are duplicated and distributed over the entire network of computers on a blockchain. The custom packaging companies use the blockchain to improve the tracking of their custom boxes, strengthen the security, and ensure supply chain transparency.
Blockchain has a rapid adoption rate, especially among the packaging wholesalers. The advancements in technology continue making it easier to access. Historically, keeping a tab on package boxes require physical paperwork and special security measures traveling along with the goods. Blockchain has changed everything. It enables the custom made boxes for products to communicate with the web, end-users as well as with the supply chain itself.
The manufacturers can easily keep a track of any custom shipping box with logo all along with the network. Rather than packing slips, serial numbers, and barcodes; nowadays RFID, and additional security features are used to ensure authenticity. The customers can scan the QR codes printed on custom packaging boxes by their smartphones. This enhances the direct engagement between consumers and product packaging. Here are the three key areas of the packaging industry where blockchain is making the biggest contribution:
The preservation and safety of food are one of the biggest concerns across the packaging sector. Another rising issue is the transparency of information that consumers want to get about the food they eat. Although the printing and packaging companies try their best to update the customers about the product details by designing informative labels on the color box packaging. According to research, 48% of the consumers are yet not satisfied. The only solution is the use of blockchain technology for food packaging.
The Blockchain offers transparency beyond the label. Unlike digital databases, the information can't be changed, giving it a high-trust value. The biggest example in front of us is Walmart and Carrefour. They have adopted blockchain from the last years to trace the items from farms to the shelf. In one pilot program, Walmart found that dozens of mangoes packed in wholesale shipping boxes can be easily traced back to their source farm in just 2.2 seconds by using a blockchain. However, in the absence of technology, no matter how much effort packaging box manufacturers make, it would take six days, 18 hours, and 26 minutes. The Blockchain also enhances the printing on cardboard boxes by using scannable labels to access the information.
Blockchain also empowers the supply chain to be more responsive to food safety disasters. It allows specific products to be traced at a given time, reducing food waste. For example, when food is packed in carton boxes it becomes difficult to trace the freshness during the transition. By using this technology, the contaminated products can be traced easily and quickly, no matter how many boxes wholesale they are packed. This makes safe food remain on the shelves and not sent to landfills along with the spoiled one. The technology can be implemented on custom boxes for small businesses or large corporations to ensure maximum food safety. Florida wholesale printing has also joined hands to ensure the best results.
Traditional databases are vulnerable to information inaccuracies, hacking, increased operational costs, and intentional errors due to corruption and fraudulent behavior. The technology provides a method that keeps the records permanently. Most importantly, it facilitates the data-sharing between different actors in a food value chain. It's a common practice that many retailers sell fraudulent food products unknowingly in branded boxes logo. By using a blockchain, such issues can come to an end. Whether the food is packed in a custom size cardboard box, plastic packaging, or something else, accurate information can be fetched in no time, reducing the chances of fraud.
With hundreds of innovations in box packaging ideas, the blockchain is one of the most influential. But there are several rising questions about blockchain across the industry. It works well in manufacturing and supply chain applications; still there remain some key technological issues to address before make it happen in a meaningful way. The blockchain requires three main things to become cryptographically secure: (1) a public key cryptography, (2) a distributed peer-to-peer network (3) a governing program that contains the controlling blockchain protocol. Though these aspects are technically achievable; they have to face challenges regarding maturity, resource requirements, and scalability. Let see how these challenges can be overcome with time.
Blockchain is affecting the entire packaging sector significantly. It has amazing changed the peoples' concern towards packaging by increasing customer involvement.