Blockchain is an emerging technology that began with Bitcoin and is now touted to be a potential solution to myriad business challenges in almost every industry, most notably, the food supply chain. Blockchain can revolutionize food safety, dramatically improve traceability and speed recalls. But, this same technology also enables easy authentication of value-enhancing claims that products are organic, free-range, allergen-free or sustainably sourced, and greatly reduces time spent in transit, fulfilling the promise of farm-to-table.
Blockchain is a new type of database that brings together four key characteristics in a way that no other database has done before: