Farmers Get Behind Blockchain
Blockchain has more to do with beef patties than you first thought, with the introduction of streamlined and encrypted supply chains taking the fuss out of the food sector. Blockchain is finding real-world applications, at last!
Years ago, there was an uproar in Europe as consumers realized they were eating horse meat in products that didn’t have it labeled as an ingredient. European supply chains were simply too complex and convoluted, with an abundance of middle-men forced to navigate confusing red tape hidden within stacks of paperwork. Now, the 0.03% of investors who actually understand what Blockchain technology is reckon they’ve cracked this problem.
With a bulletproof ledger recording the transactions between farmers, retailers, and ultimately consumers, complexity can be cast out! Every product moving through a supply chain would be tagged by “internet of things” sensors, doing away with hours of paper-pushing, restoring simpler regulation, and restoring consumer trust!
Investors could be looking at 31-billion-dollars of “food fraud savings” plus any overlapping benefits from other sectors. Perhaps this was the intended use of Blockchain all along, rather than as a prop to rogue financial instruments. The less said the better, we don’t want to start a stock market holy war! Major utility firm, Iberdrola, has begun an end-to-end experiment using blockchain and “internet of things” sensors in the energy supply chain. We’ll bring you the upshot!
