Exploring Blockchain Solutions within the Food Supply Chain
Join FoodLogiQ for alive demoon Thursday, July 26th, 2018 at 2:00pm ET and learn how Blockchain has the potential to revolutionize business and redefine companies and economies within the food supply chain.
Although Blockchain is still in its infantile stage, there's been no shortage of media coverage on this new technology. Read any current business blog or publication, and you'll probably find multiple articles on the subject of blockchain.
The topic has become the center of attention throughout the world of business and industry, continuing to stir up questions and conversation about its relevance and impact on our economy. Blockchain is not yet a proven solution in the food industry but holds tremendous promise on its potential to open up transparency in the food supply chain.
What is Blockchain?
Blockchain is an emerging technology offering a way for companies to transact with each other and move assets around the world in a secure manner. What makes Blockchain unique is that it is a shared, permanent ledger that records all the transactions in chronological order that cannot be altered or deleted.
FoodLogiQ is excited about the increased conversation around Blockchain in terms of traceability and how data is stored. As industry influencers, we are actively involved in shaping the standards that will drive a Blockchain solution in the food industry.
We've built a platform focused on helping suppliers, corporate brands and other stakeholders throughout the supply chain get their data to each other using GS1 Standards and many other methods to standardize the data so it's highly transferable. Users are able to understand and have clear visibility into events that happen in chronological order, providing a clear map of their supply chain. All of these things have to happen before a Blockchain can ever become successful.