
From insurance to copyrights to supply chain management, blockchain technology has become the talk of the town. But, how will this ‘newish’ technology actually affect your company? And how can you get started?
A blockchain is an ever-expanding collection of records, or blocks, that are connected and safeguarded via encryption. The supply chain can benefit from the use of distributed ledger technology to boost confidence and ensure that goods are what they seem to be.
A business or customer may use the chain to track a product all the way back to its origin by simply scanning a QR code or looking up a special identification online.In the FMCG sector, there has been a lot of activity, with businesses establishing trial programmes and some even ramping their initiatives to full production. However, there are still many difficulties and uncertainties to be resolved.
To understand the implications of this technology for the Food & beverage and the FMCG sector, stream our podcast now!
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