Supply company Envisible is using blockchain technology to track its products from sea to store and counter fraud in the seafood industry.
Also known as distributed ledger technology, blockchain allows everyone within a network to share access to the same set of data. Once a data entry is added to the blockchain ledger, it cannot be changed. And because the data is shared, everyone on the blockchain network can hold one another accountable.
The technology is suited for supply chains because blockchain can help connect companies within otherwise decentralized supply webs, Envisible co-founder Jayson Berryhill tells Food Tank.
The basic premise, Berryhill explains, is that the more data collected and added to the blockchain ledger, the harder it is for a company to lie about their product.
Continue reading: https://foodtank.com/news/2021/09/how-blockchain-can-tackle-supply-chain-fraud-and-food-insecurity/
Also known as distributed ledger technology, blockchain allows everyone within a network to share access to the same set of data. Once a data entry is added to the blockchain ledger, it cannot be changed. And because the data is shared, everyone on the blockchain network can hold one another accountable.
The technology is suited for supply chains because blockchain can help connect companies within otherwise decentralized supply webs, Envisible co-founder Jayson Berryhill tells Food Tank.
The basic premise, Berryhill explains, is that the more data collected and added to the blockchain ledger, the harder it is for a company to lie about their product.
Continue reading: https://foodtank.com/news/2021/09/how-blockchain-can-tackle-supply-chain-fraud-and-food-insecurity/
