DNA barcoding has many potential benefits, particularly in taxonomy. Most of the world's species that have been identified, have been characterised by simple morphology. But it's not a perfect science as sometimes species can look very similar and this leads to misidentification. An example of where this can be a problem is in tackling malaria, which causes up to 1 million deaths a year.

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In their adult stage, female mosquitoes are vectors for the pathogen that causes the disease, and there are several thousand species of mosquito. Frequently misidentification of mosquito species hampers efforts to control malaria. It's hoped that the accuracy of barcodes will make this a thing of the past.
In terms of food safety barcoding can help by identifying potentially hazardous species of fish. It could also aid investigations into food poisoning outbreaks.