Apac
  • Home
  • CXO Insights
  • CIO Views
  • News
  • Conferences
  • Newsletter
  • Whitepapers
  • About us
Apac
  • Admired Tech

    Agile

    AI Healthcare

    Artificial Intelligence

    Augmented Reality

    Aviation

    Big Data

    Blockchain

    Cloud

    Cryptocurrency

    Cyber Security

    DevOps

    Digital Transformation

    Drone

    HPC

    Infrared

    Internet of Things

    IT Services

    Marine Tech

    Networking

    PropTech

    Remote Work

    Robotics

    Scheduling Software

    Sensor Tech

    Simulation

    Smart City

    Software Testing

    Startup

    Storage

    Unified Communication

    Web Development

    Wireless

  • Automotive

    Banking

    Capital Market

    Construction

    E-Commerce

    Education

    FinTech

    Food and Beverages

    Gov and Public

    Healthcare

    Insurance

    Legal

    Logistics

    Manufacturing

    Media and Entertainment

    Metals and Mining

    Pharma and Life Science

    Retail

    Sports

    Travel and Hospitality

  • CISCO

    Google

    IBM

    Microsoft

    Oracle

    Salesforce

    SAP

    ServiceNow

  • Business Intelligence

    CEM

    Cloud-based Planning

    Cognitive

    Collaboration

    Compliance

    Contact Center

    Contact Tracing

    Contactless Payments

    Corporate Finance

    CRM

    Custom Software Development

    Data Center

    Digital Signage

    Enterprise Architecture

    Enterprise Asset Management

    Enterprise Communications

    Enterprise Contract Management

    Enterprise Performance Management

    ERP

    Facility Management

    Field Service

    Fleet Management

    Gamification

    HR Technology

    IT Infrastructure

    IT Service Management

    Managed Services

    PLM

    Procurement

    Product Management

    Project Management

    RegTech

    Revenue Management

    Sales Tech

Menu
    • CISCO
    • Collaboration
    • Compliance
    • Contact Center
    • Healthcare
    • IT Service Management
    • Microsoft
    • Retail
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • News
    • Blockchain
    Editor's Pick (1 - 4 of 8)
    left
    Supporting Business with the Right Technology

    Andy Jurczyk, CIO, Seyfarth Shaw LLP

    A Closer Look at Block Chain Technology

    John Shea, CIO, Eaton Vance

    How 5G + blockchain + IoT + Mobile apps and devices are about to lead us to a

    Maurice Audinet, Head of Digital Transformation, Jurlique Hong Kong Limited

    Crypto Exchanges: The Markets Unsung Hero

    Lennix Lai, Financial Market Director of Okex

    How Could DLT Redefine Roles in Post-Trade?

    Boon-Hiong Chan, Head of Market Advocacy, Securities Services, Deutsche Bank

    Blockchain - Based Financial Service Applications

    Boon-Hiong Chan, Director, Head of Business Control Unit & Market Advocacy, APAC, Deutsche Bank

    Powering Industries with Blockchain

    Gopalakrishnan P, Development Leader, Blockchain Solutions, IBM Industry Platforms

    Knowing How to Approach Blockchain

    Thomas Jakob, Regional President Asia Pacific, Bosch Software Innovations

    right

    How is Blockchain Determining Provenance?

    By Apac CIO Outlook | Tuesday, June 16, 2020
    Tweet

    FREMONT, CA: Fake products are everywhere these days, and companies are having a hard time cracking-down these counterfeit products and ensuring that their companies are not being cheated. But technology like blockchain can be used to solve this problem.

    To improve the transparency of food sourcing, a blockchain-based cloud network that enables greater traceability, efficiency, and transparency is developed, by establishing a better tracking mechanism for shipments. The scan that is conducted for the products' re-assigned QR code reveals that each step in that product's journey. The technology's primary goal is to provide peace of mind for today's conscientious consumer who wants to know precisely the process of their food arriving at the family table. To begin with, produce to meats and seafood; retailers are empowering blockchain to track perishable shipments. Top 10 Aviation Technology Companies - 2020

    Blockchain technology indeed allows retailers, suppliers, and anyone who has access to the software, to get real-time information on a product's origination and the stops it made on the way before it reaches the destination. Also, if it is olive oil, blockchain can be useful in deciding the provenance and delivery path, but not the purity or freshness of the product. Blockchains OR codes deliver valuable information to the buyers, such as the location where the olives were harvested, when the olives were crushed, filtered, package, and shipped.

    At present, with the food costing the industry tens of billions of dollars every year, it is the responsibility of the supplier and the processing and packaging companies to do their due diligence for determining that the quality and freshness of every product they sell is supreme. The fraudsters contaminate olive oil by mixing EVOO with lower-quality oil, impacting both the health benefits and the taste. Because oil adulteration and fraud can happen at any stage of the process from supplier to the packaging companies, have to evaluate their process for possible points of contamination and test each shipment thoroughly.

    Retailers and the suppliers can leverage the latest blockchain technology to determine the provenance of their olive oil and where the shipment is halting on the way, but when it comes to the purity quality, and freshness of olive oil, the responsibility rests with the company whose name is on the label.

    See also: Top Blockchain Technology Solution Companies

    Weekly Brief

    loading
    ON THE DECK

    Content Management System 2020

    Top Vendors

    Contactless Payments 2020

    Top Vendors

    Admired Tech 2020

    Top Vendors

    Previous Next

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    Leveraging CRM to Transform Leads Into Customers

    Leveraging CRM to Transform Leads Into Customers

    Major IoT Software Implementation Challenges

    Major IoT Software Implementation Challenges

    Key Advantages of Using Smart Home Technologies

    Key Advantages of Using Smart Home Technologies

    The Relevance of LMS in Education

    The Relevance of LMS in Education

    Advantages of Using the Microsoft Office Suite for Businesses

    Advantages of Using the Microsoft Office Suite for Businesses

    Three Shopping Trends in Fashion Industry

    Three Shopping Trends in Fashion Industry

    Loading...

    Copyright © 2021 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy  |  Sitemap |  Subscribe

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/how-is-blockchain-determining-provenance-nwid-7523.html