When the term blockchain is used, almost everyone thinks of Bitcoin. But then, cryptocurrency is only one of the many possible applications of this technology: blockchains are decentralized digital registers that offer high trustworthiness through crypto-graphic methods and decentralized storage. Blockchain is a special distributed ledger technology (DLT), a digital logbook for transactions combined into a block and chained together in chronological order-hence the name "blockchain". The correctness of the information and transactions is not verified by a central authority but confirmed by all participants using a consensus algorithm. Blockchain technology, therefore, offers a high degree of data integrity and trustworthiness. With the help of the Internet of Things (IoT), it is now possible to effectively generate, manage and analyze large amounts of data. It can be combined with blockchain technology to revolutionize the food and beverage supply chain and solve many of the industry's challenges today in an efficient and cost-effective manner.
展开▼
