We are living in the golden age of technological developments with various evolving technologies, from artificial intelligence to gene editing. Blockchain technology is one such technology that has the potential to transform the future. In the year 2017, several initiatives for the adoption of blockchain had been taken by prominent market players and large food industry participants. This year, the applications of blockchain technology such as food supply chain management and safety traceability are expected to garner the attention of the market. However, at present, it is more used as a financial ledger.