Is Blockchain the Future of Food Safety?
When the Internet Protocol Suite (TCP/IP) was standardized in 1982, permitting the worldwide proliferation of interconnected networks and eventually the internet, very few would have ever dreamed of the digital information age it would unleash, writes Frank Giles on GrowingProduce.com. Some now argue that blockchain has the potential to be the next digital age disrupter — a technology breakthrough that could change the food safety industry.
Online distributed ledgers, also known as blockchain, were developed in the early 1990s, but they remained relatively obscure until 2009 when Satoshi Nakamoto used it to create the digital cyptocurrency Bitcoin.
The idea of an unregulated currency not tied to any government institution is ripe for fraud and tampering, so Nakamoto used blockchain to protect against hacking and false manipulation of the currency.