Blockchain technology is starting to gain ground by being used to address critical global issues such as food supply, fraud, and finance.
The world is slowly starting to realize the immense potential of the blockchain technology. The latest implementations are taking place in the field of finance, but this is just a tip of an iceberg. The huge power of blockchain lies in the fact that it could bring much more effective administrative outlook. By cutting out the middleman, time and resources could be much better used in order to create a better administrative environment for the people.
Kerala to implement blockchain to streamline supply
One of the most recent decisions regarding blockchain comes from the Indian state of Kerala. As Business Standard reports Kerala’s government has decided to apply the strategy to leverage blockchain tech in order to streamline distribution network and purchase of food supplies.
Supervision and implementation of the project will go through Kerala Development and Innovation Strategic Council (K-DISC). Every product will be registered on the newly created network. This will ensure that the information about manufacturer, origin, quality, and movement of the product are easy to find. Also, blockchain will do one of its main purposes in cutting out the middleman. This will be done in the field crop loss where…