As the acceptance of blockchain technology grows, companies are investing in ways implement it into more and more business processes—some which are designed to save or improve lives.
Blockchain technology allows organizations, people, and companies to create an irrefutable single source of truth, according to Jim Gitney, CEO of Upland, Calif.-based Group50 and co-chair of CompTIA’s Blockchain Industry Advisory Council. In practical cases, that means goods and services can be tracked and audited across their entire supply chain history to ensure safety, authenticity and quality, he said.
“Traditionally, we just don't know what the source of something is, where it came from, how it was developed, how it was manufactured,” Gitney said.
Here are four examples noted by Gitney in which blockchain technology can be used to improve our quality of life:
Identify contaminated produce quickly
Earlier this year, an outbreak of E. coli infections linked to Romaine Lettuce hospitalized dozens of people, and grocery stores nationally dumped their inventories to prevent the outbreak from spreading — but what if they didn’t need to?
“The application of blockchain into the food supply chain allows a manufacturer to know exactly where everything they're putting into their product came from,” Gitney said.
Walmart, the one of the world's largest retailers, in partnership with IBM, has developed a food traceability system, which uses blockchain technology, to prevent the spread of food-borne disease illnesses, which account for approximately 800 hospitalizations and 20 deaths each year, according to the Centers for Disease Control and Prevention (CDC).
By enabling Walmart to trace product origins, the system can pinpoint the products to discard — the produce from affected farms — which prevents outbreaks, protects farms and saves money.
"Instead of banning the sale of all romaine lettuce — like the state of California did last year — they can isolate it down to a very specific subset of products and be assured that everything else is left in the marketplace is safe,” Gitney said.
More Info: comptia it fundamentals salary
Blockchain technology allows organizations, people, and companies to create an irrefutable single source of truth, according to Jim Gitney, CEO of Upland, Calif.-based Group50 and co-chair of CompTIA’s Blockchain Industry Advisory Council. In practical cases, that means goods and services can be tracked and audited across their entire supply chain history to ensure safety, authenticity and quality, he said.
“Traditionally, we just don't know what the source of something is, where it came from, how it was developed, how it was manufactured,” Gitney said.
Here are four examples noted by Gitney in which blockchain technology can be used to improve our quality of life:
Identify contaminated produce quickly
Earlier this year, an outbreak of E. coli infections linked to Romaine Lettuce hospitalized dozens of people, and grocery stores nationally dumped their inventories to prevent the outbreak from spreading — but what if they didn’t need to?
“The application of blockchain into the food supply chain allows a manufacturer to know exactly where everything they're putting into their product came from,” Gitney said.
Walmart, the one of the world's largest retailers, in partnership with IBM, has developed a food traceability system, which uses blockchain technology, to prevent the spread of food-borne disease illnesses, which account for approximately 800 hospitalizations and 20 deaths each year, according to the Centers for Disease Control and Prevention (CDC).
By enabling Walmart to trace product origins, the system can pinpoint the products to discard — the produce from affected farms — which prevents outbreaks, protects farms and saves money.
"Instead of banning the sale of all romaine lettuce — like the state of California did last year — they can isolate it down to a very specific subset of products and be assured that everything else is left in the marketplace is safe,” Gitney said.
More Info: comptia it fundamentals salary
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