In the Know: This Week’s Blockchain Round-up (August 11, 2017)

The world of blockchain is changing every day. Check out our weekly round-up to stay in-the-know on this evolving technology.

Arkansas Farming Cooperative Trials Blockchain to Track Chicken Shipments

A livestock farming cooperative in Arkansas will use blockchain to track the shipment of chicken, by scanning and tracing the transaction. The goal of the cooperative is for customers to learn about how the final product was crafted. This is the latest indication of tracking the movements of physical goods using blockchain technology.

Read more here, via Coindesk.

Practical Examples of How Blockchains Are Used in Banking and the Financial Services Sector

It’s predicted that blockchain, with its wide-reaching implications, will transform financial services, businesses and industries. By 2025, 10 percent of GDP will be stored on a blockchain or blockchain-related technology, according to a recent World Economic Forum report.

Read more here, via Forbes.  

From Farm to Fork: Your Food’s Entire History on the Blockchain

Blockchain can record the data from food sensors, which will help the overall transparency, security and automation on the global food supply chain. This will have a positive impact on the food ecosystem.

Read more here, via NASDAQ.

Blockchain and Retail: Four Opportunities

Since blockchain is a distributed ledger, this makes counterfeiting a lot harder. This technology will make it possible for an item’s history to have a verifiable record, which is great news for suppliers, manufacturers and shippers. It will also help to track the country of origin and product safety.

Read more here, via Forbes.