HOW BLOCKCHAIN CAN IMPROVE AGRIFOOD
Since the meteoric rise of Bitcoin at the end of 2017, most people have heard the word blockchain. However, many see it almost synonymous to cryptocurrency, while it’s so much more. Blockchain can, for example, make a significant impact on agrifood. I will highlight a few examples here to illustrate how this technology is already generating value for food and farm.
But, what is blockchain then? The blockchain is essentially a dataset of transactions, a ledger. Different from the ledger as you know it, is that it is open, and public. Anyone who is authorised can read and write the data.