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Asia Enterprice Blockchain Week *day 2

Event on October 16, 2020 by Malvinder Singh Gill

 

 

Asia Enterprise Blockchain Week hosted last week by Asia Blockchain Centre (ABC) recognized as the biggest virtual event in Asia for people to extend your knowledge of blockchain technology, where it is applied, what problems can you solve in your field and 

industry. 

 

We invite panelists from Vechain, LuxTag & Sinisana to share with us examples, successful as well as failed, implementations of blockchain to solve traceability and provenance issues. So we have started with Data Provenance in the field of recording the history of data, from its inceptions to various stages of the data lifecycle. Thus, data provenance helps provide a detailed picture of how the data was collected, where it was stored, and how it was used. This record essentially forms an audit trail for the data itself.

Blockchain technology is a distributed de-centralized immutable ledger. It is currently widely in use for cryptocurrencies, but not limited to it. Basically, it can be looked at as a shared/semi-shared/private (i.e. permissioned or non-permissioned in the blockchain parlance), immutable ledger for recording sequence of events or history for transactions, which can be deployed to provide a high level of trust, accountability, and transparency. And Food holds a major role in human beings’ lives and in human societies in general across the planet. The food and agriculture sector is considered to be a major employer at a worldwide level. The large number and heterogeneity of the stakeholders involved from different sectors, such as farmers, distributors, retailers, consumers, etc., renders the agricultural supply chain management as one of the most complex and challenging tasks. It is the same vast complexity of the agriproducts supply chain that limits the development of global and efficient transparency and traceability solutions. The present paper provides an overview of the application of blockchain technologies for enabling traceability in the agri-food domain. Initially, the paper presents definitions, levels of adoption, tools, and advantages of traceability, accompanied by a brief overview of the functionality and advantages of blockchain technology. It then conducts an extensive literature review on the integration of blockchain into traceability systems. It proceeds with discussing relevant existing commercial applications, highlighting the relevant challenges and future prospects of the application of blockchain technologies in the agri-food supply chain.

 

Missed out the live broadcast? Check out the full video here: https://www.facebook.com/Asiablockchaincentre/videos/2729175517307380/

 

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About the Author:

Malvinder Singh Gill is a Digital Marketer for Blocklime, a writer by day and a reader by night. He is loathe to discuss himself in the third person but can be persuaded to do so from time to time.

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