From farm to fork : how blockchain can enhance traceability in the soy supply chain

Details

Supervisors

Paque, Bernard

Faculty

Louvain School of Management

Degree label

Master [120] : ingénieur de gestion, à finalité spécialisée

Abstract

Purpose: This research thesis aims at analysing the potential implementation of blockchain within the soy value chain. It first outlines the need for more traceability in the soy value chain. Then it tackles how the implementation of blockchain could improve traceability. In addition, a concrete application is given by using Ethereum blockchain. Lastly, the qualitative research and analysis allows to compare different perspective. Originality/Value: This thesis contributes to the scientific literature by providing an overview of the current situation within the soy value chain and more precisely applicable to the food industry. Besides, it explores the potential of blockchain to increase traceability in the soy value chain. Lastly, with the qualitative research and analysis carried out, a managerial conclusion, and recommendations was formulated. Methodology / Approach: An intensive literature review in different academic journals has been conducted from January to May 2021. The objective was to collect, organize and synthetise existing knowledge relating to the soy industry and blockchain. Furthermore, a qualitative research was done with different stakeholders in the soy industry. Findings: This thesis described the opportunities and challenges of the implementation of blockchain in the soy industry. The literature review undertaken on the topic has shown that blockchain has been acknowledged as a promising technology regarding food traceability but presents some challenges regarding the specific application in the soy industry. Recommendations for future research: This thesis focused only on the soy used for food products, as this represents only a small part of the soy industry, investigating other end purposes of soy could be an alternative path to explore.