Q. Why use blockchain?
A. Blockchain provides trust and transparency to solve food chain challenges that have stymied supply chains; with the use of blockchain, you can access the benefits of the platform, such as these:
- Trust and transparency
- Choose who is acting and receiving information, as you need only one shared ledger for transactions
- As the ledger is immutable, lack of confidence is no longer a problem, and participants can be sure of the origins and veracity of transactions
- Quick and easy access to detailed end-to-end supply chain data
- Minimize waste with better allocation of goods and products, based on data from the ecosystem
Blockchain gives participants the ability to share a ledger, which is updated through peer-to-peer replication every time a transaction occurs. Privacy services are used to ensure that participants see only the parts of the ledger...
