EEF: blockchain will help save money in various sectors of the economy

Innovative technologies will contribute to significant savings by improving the efficiency of supply chains, according to representatives of the World Economic Forum. In their report, they note that only by closing gaps in the food supply chains, it will be possible to save about $ 365 billion (mainly by reducing food waste in the processes). Positive results from tests in India, Ghana and Rwanda have already shown that new methods of processing and subsequent storage of collected raw materials will help to reduce losses by more than half. As for the extraction of minerals, here technologies will help to save about $ 30 billion by minimizing costs for carrying out verification activities.

“Technology in large farms offers great business opportunities that could lead to annual savings of $ 195 billion by 2030 through improved productivity. This can also serve the emergence of new workers (over 4.3 million). The new “precision farming” could increase yields by 40% over the next 20 years, ”the World Economic Forum said in a report.