Historically, Bitcoin took the initiative of applying blockchain for its monetary transaction record for the first time. Currently, there have been more than 10.000 other cryptocurrency systems using blockchain. This article elaborates top recent implementation of blockchain across sectors. Based on the current trends, blockchain is more reliable in storing data for many other types of transactions. Many corporations that have implemented blockchain are Walmart, Pfizer, AIG Siemens, Unilever, and many more. Food Trust created by IBM also uses blockchain to track the food journey to reach its location.
But why does the food industry use blockchain?
Food could be a source of dangerous materials. There have been many outbreaks such as E. coli, Salmonella, and listeria. Before the use of blockchain, it was too hard to track the source of outbreaks caused by the sickness on food. Blockchain allows the brand to track the origin of the materials and composition through its making to delivery. If there is a sign of contamination, they could trace the way back from its origin.
Moreover, it could prevent endemic, and stop the contamination. Thus, it could save more lives by tracking those who have been in contact with. The faster the identification, the sooner it could potentially save lives. This is one of the examples of blockchain use beyond transaction. There are still many examples out there for its implementation.
