The blockchain is a technology that enables secure, non-manipulable transactions in the network and is therefore also interesting in isolation from Bitcoin. The aim is to create transparency along the entire food supply chain, from the producer to the processor, trader, retailer and consumer. All parties involved are permanently provided with a common data set with access rights and up-to-date information on the food system.
What are the advantages and disadvantages of block chain?
The decentralization of IT in general and block chain in particular has some advantages and disadvantages. Some of the advantages are
The disadvantages are as follows
Why can industries benefit from the blockchain?
The decentralization of communication already began with the Internet, each person was given more control over the information they consume. In the next step, in addition to communication, computing power and storage will also be decentralized (cloud computing), and with the block chain a further element is now being added. The block chain fires up ideas to control not only crypto currencies such as Bitcoin via decentralized networks, but also other digital content such as art, music, texts or photos. We have compiled the first concrete practical examples of the use of block chains in various industries in the article "Blockchain in use".
What do the block chain offers of the large IT groups look like?
Irrespective of the above examples, it can be stated that large IT groups are jumping on the blockchain train and working on software and service ecosystems around the technology. Thus, within its cloud offers developers the opportunity to set up their own block chains. For this purpose, it provides the hyperledger code on which the Bitcoin block chain is based. Through the simultaneous integration of the container service, it is "now possible for developers to get their own mini-blockchain up and running within a sandbox in twelve seconds," as underlined by Bitcoin, which is responsible for the blockchain offerings, when the services were presented in February 2020. "And just one minute later the first complete block chain application is live." She, too, has long since recognized the benefits and launched the project in the cloud under the umbrella of "Ethereum Blockchain as a Service". In the near future, various middleware tools are to be launched to extend the business benefits of Blockchain. For example, "Blockchain as a Service" primarily addresses developers. The technical tools used in the solutions are so-called "block chains", which allow users to enter external data into a block chain without destroying its security and integrity. These cryptlets can be developed in any programming language and run within a secure container, similar to the IBM offering. He sees the benefit of the block chain technology especially in security-relevant topics such as identity management and encryption and has already integrated corresponding services in Project.