Oct 04, 2022

Blockchain revolutionizes food traceability from end to end

Secure data sharing innovation adds value and transparency across ag supply chain Blockchain may be the solution to […]

— By Elise Schafer

Blockchain may be the solution to tracing the entire food system from end to end. Originally developed in the 1990s as a tamper-proof system for timestamping documents, it didn’t have a real-world application until peer-to-peer cryptocurrency was launched in 2009.

The most common application for blockchain is a transaction ledger, but any information can be stored on a blockchain and exploration of applications outside cryptocurrency are numerous. After the highly publicized rise of Bitcoin, the world’s leading commodities and food companies noticed blockchain’s potential for the food sector.

Although groundbreaking, the technology is relatively simple. Blockchain is a shared database that stores information in blocks with fixed storage capacities and links them together via cryptography, or code. As new data becomes available, a new block is formed and becomes chained to the previous...

Read the Full Article on FeedStrategy.com

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Marketwatch: Dec, 06

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