Webinar on demand: Blockchain in food

We know blockchain mainly as a financial tool, the driving force behind crypto currencies such as Bitcoin. But there are so many more applications possible! Blockchain is about data, about increasingly rich information, about transparency and about decentralisation. This makes the technology interesting for almost any industry, especially those with complex chains. The food industry, for example.

Blockchain literally means 'a chain of blocks'. You always start with a basic block of information, such as a completed form, a contract or a photo. That information is stored in a system that is directly linked to the blockchain. All participants (often the chain partners) in the blockchain have insight into that basic block of information, and must assess and approve the accuracy with a digital signature. These digital signatures are all stored in the blockchain and - if the majority agree - together form the proof of authenticity. Please note that the basic information itself is not stored in the blockchain.

Step by step, participants can add new blocks of information to the system. This information is always based on the basic information that is already there. Each time, the participants must check whether the new information is correct and approve it with a signature. Is the majority of the 'votes' in favour? Then the new information block is definitively chained to the basic block, and the information can no longer be changed. The information is accessible to all participants and everyone is responsible. In fact, it is possible to add blocks of incorrect or incomplete information, but because all actions can be traced, it is immediately clear who has entered incorrect information. This creates a cast-iron internal control mechanism. It is therefore high time to make this promising technology commonplace in the sector. But how do we go about this? 

In this webinar, you will learn more about this issue