Ethereum-Based Food Blockchain Issues Demo, Starts Testing Phase ⋆ Epeak . Independent news and blogs

  • Before the creation of the Blockchain, food chain supply was opaque, complex, non-verifiable and with a hard-testing sustainability.
  • It is called Food Blockchain, a new tool that aims at providing “a reliable and comprehensive overview of all aspects of quality, safety and tracing of food from farm to fork, and to seamlessly manage commercial relationships between different actors of the supply chain.”
  • To do so, Food Blockchain decided to use the so-called Food Supply Chain 2.0, which combines sensor systems, Blockchain and smart contracts.
  • From an economic point of view, Food Blockchain can be useful both for consumers and producers because the first can benefit from a higher transparency and better knowledge about food, and the second can increase their prices for their verifiably better quality products.
  • For example, Food Blockchain can allow a company producing yogurt to create a risk-free agreement with suppliers of milk.

According to recent studies, the world’s biological food market is worth $54.9 bln and the sector is continually growing. This comes as more and more peopl
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Banks adopting blockchain ‘dramatically faster’ than expected: IBM

  • Banks adopting blockchain ‘dramatically faster’ than expected: IBM
  • “2017 looks to be the year banking on blockchains shifts from zero to sixty.”
  • LONDON (Reuters) – Banks and other financial institutions are adopting blockchain technology “dramatically faster” than initially expected, with 15 percent of top global banks intending to roll out full-scale, commercial blockchain products in 2017, IBM said on Wednesday.
  • “The industry is hurtling toward blockchain adoption far faster than many expected,” IBM said in its report.
  • “First movers are setting business standards and creating new models that will be used by future adopters of blockchain technology,” said IBM Banking and Financial Markets general manager Likhit Wagle.

By Jemima Kelly LONDON (Reuters) – Banks and other financial institutions are adopting blockchain technology “dramatically faster” than initially expected, with 15 percent of top global banks intending to roll out full-scale, commercial blockchain products in 2017, IBM said on Wednesday.
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Banks adopting blockchain ‘dramatically faster’ than expected

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‘Banks adopting blockchain ‘dramatically faster’ than expected – IBM’ on Yahoo Finance UK. Banks and other financial institutions are adopting blockchain technology “dramatically faster” than initially expected, with 15 percent of top global banks intending to roll out full-scale, commercial blockchain products in 2017, IBM said on Wednesday. The technology company said 65 percent of banks expected to have blockchain projects in production in three years’ time, with larger banks – those with more than 100,000 employees – leading the charge. Blockchain, which originates from digital currency bitcoin, works as an electronic transaction-processing and record-keeping system that allows all parties to track information through a secure network, with no need for third-party verification.
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