A non-profit company is trying to leverage the advantages of blockchain to help reduce the amount of food wasted by people on a yearly basis. It is estimated that 133 billion pounds of food is wasted by Americans annually, food that could’ve been given to the destitute struggling to make ends meet.
There’s also the fact food waste worsens methane emissions, accounting for 27 percent of landfills and accelerating the drastic effects brought about by climate change. According to data collected by the Natural Resources Defense Council, the production, relocation, and removal of uneaten goods cost the industry $218 billion annually.
Startup Goodr aims to mitigate all of these by using blockchain. This company has been operating since January 2017, helping the food industry in Atlanta package leftovers and transfer them to local charities through the company’s app, according to CNBC.
The blockchain technology helps Goodr by providing data storage, specifically information regarding how much food is being wasted by certain businesses and what particular area might be costing them money. Moreover, the company also tracks the most frequent food that is being wasted and its effect on the environment, as well as provide connections to the local community for the relocation of surplus food.
Jasmine Crowe, founder and CEO of Goodr, said that food businesses can arrange for pick-ups and monitor shipment of their leftovers, making sure that they are indeed going to the right locations. Crowe admitted that their movement holds a special place in her heart after she witnessed one of her friends struggling with food security.
"Having experienced that first hand really shifted perspective for me, because for years I was feeding members of our homeless community," Crowe said. "I didn't understand that the face of hunger was readily changing."
This isn’t the first time that blockchain has been used to lend a helping hand to the unfortunate. The U.K. and Australia are currently developing a blockchain-centered welfare system to ensure that the homeless are getting the help they need to get back on their feet.
The system is designed to track fund allocations, as well as ensure that the destitute are indeed spending government money on basic necessities and not on frivolous things. If the system does notice that a certain homeless person is spending their funding on say, alcohol, the government can then send a professional to help that person curb their addiction.


SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation
U.S. Greenlights Nvidia H200 Chip Exports to China With 25% Fee
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case
Nvidia Develops New Location-Verification Technology for AI Chips
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand
Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel
U.S.-EU Tensions Rise After $140 Million Fine on Elon Musk’s X Platform
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters
US Charges Two Men in Alleged Nvidia Chip Smuggling Scheme to China
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns
SK Hynix Labeled “Investment Warning Stock” After Extraordinary 200% Share Surge
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms
SpaceX Reportedly Preparing Record-Breaking IPO Targeting $1.5 Trillion Valuation 



