NFTs Can Bring Immutability and Transparency to the Halal Supply Chainby@hughharsono
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NFTs Can Bring Immutability and Transparency to the Halal Supply Chain

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The concept of halal goes beyond identifying the sources of food and beverages; rather, halal is about the processes and standards related to cleanliness, safety, and quality assurance. The halal certification process is the method to certify that products have met specific Islamic dietary guidelines. The projected compound annual growth rate of the worldwide halal food industry is 10.83% from 2020-2027. This opens a significant opportunity for blockchain-enabled non-fungible tokens (NFTs) within the halal supply chain. NFTs function as immutable digital signatures, providing authentication and verification to users without a third-party organization for certification.

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