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Experts agree blockchain's usefulness won’t be known for at least 3-5 years, during which time it will be modeled and evaluated by companies hoping to find transformative value in it.
In this video interview, Jorge Izquierdo of PMMI discusses how blockchain technology can benefit meat and poultry processors who investigate and use it.
Food and beverage companies have a sense of the importance of new digital technologies to food safety but lack the understanding of how to apply solutions like blockchain for this purpose.
The IBM brand isn’t often associated with the cattle business. But that may change, thanks to the tech giant’s IBM Food Trust and its use of blockchain. That’s just what it sounds like: blocks of information that form a chain, linked via Internet to allow information sharing that is seamless, efficient and secure.
As consumers and participants in the supply chain demand greater transparency, blockchain has the potential to transform how information about a food product flows from farm to fork to ensure quality and safety by adding greater visibility and efficiency to the process.