Blockchain refers to a tamper-proof, distributed digital ledger that records transactions.
According to the research, which was released earlier this week, blockchain, along with "internet of things" trackers and sensors, would help to drive down costs for retailers. This would be achieved through the streamlining of supply chains, efficient food recall processes and "simpler regulatory compliance." The research is contained within the "Blockchain: Key Vertical Opportunities, Trends & Challenges 2019-2030" report.
In a statement Monday, Juniper Research said that the internet of things and blockchain would add "significant value" to those involved in the supply chain, namely, farmers, retailers and the consumer. In 2013, for example, the food industry in Europe was rocked when horse meat was found to be present in food products that did not list it as an ingredient.
It’s fake news I mean you could certainly achieve savings, but not with a blockchain. Some software will do.
No explanation of the $ savings... where does the $31B ‘show up’?
Who eats the cost of the 'gas?'
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Source: Forbes - 🏆 394. / 53 Read more »