Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
In its beginnings, the blockchain was mainly associated with Bitcoin cryptocurrency. Qualified as a revolutionary technology, the blockchain is a serious alternative to all centralized systems and a solution to many problems.Â
Estonia, for example, has managed to decentralize its administration through the Blockchain; and the examples are numerous, states, large corporations, each of them, in their own way, exploits the possibilities offered by the blockchain. For its part, the Chinese giant Alibaba has just announced the launch of its anti-food fraud platform.
The Food Trust Framework is a pilot project of the Alibaba Group based on the transparency of blockchain technology. This project aims to increase the transparency of the supply chain for New Zealand and Australian products sold on T-mall in China.
In China food fraud is always at the center of concern. Alibaba with its C2C, B2C and B2B services is often singled out and accused of allowing fake products to circulate freely. If it is contaminated foods, the repercussions could be fatal hence the project. Food fraud, according to Alibaba, would cost the food industries more than $ 40 billion a year. Blockchain technology will allow consumers and suppliers, of course, real-time monitoring of food products. In addition to unique QR code labeling, customers will be sure to purchase genuine products.
In a statement, the illustrious Jack Ma said, "These technologies are specially adapted to authenticate, verify, record and provide detailed follow-ups on the transfer of goods and the provision of different goods and products"
For better product traceability, each product is tagged with a unique QR code. Whenever the product changes hands, the relay information is saved in the blockchain. All the data are registered on the blockchain network and can not be modified or deleted.
All the information on the blockchain will be available for all who wish to consult them. To receive the information, simply scan the QR code.
In addition to reassuring the consumer, adopting the new concept will improve safety. When problems occur, it will be easier to perform diagnostics on the source.
The first companies to test the Food Trust framework will be the Blackmores food supplement company and the Fonterra dairy supplier, who will transport their products from New Zealand and Australia to China via T-mall.
If the pilot project is successful, it will be a global supply chain model that will be applied to all Alibaba Group markets.
The use of Alibaba's blockchain for food traceability is not the first and probably not the last. Slowly but surely, the blockchain will be adopted by more and more companies for product tracking.
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
JustBit Casino Review
JustBit Casino, which specializes in virtual currencies, is easy to use because withdrawals are expl...
Huobi Token General Overview
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ethereum Classic Review
Monero General Overview
YouHolder
YouHodler is not just another player in the crypto space; it's a dynamic and innovative company ...
XBO
XBO.com cryptocurrency exchange redefines how you interact with crypto. Designed to make the benefit...
Bithumb
Understanding Bithumb This article highlights what is Bithumb and where it is located. It also di...
Bitstamp
Bitstamp's continued success in the crypto market This article highlights what Bitstamp is. I...
Bitfinex
Bitfinex general overview delves deep into its operations since its inception in 2012 up to date. It...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Alibaba, Blockchain Anti-Food Fraud Platform Test Is Launched
In its beginnings, the blockchain was mainly associated with Bitcoin cryptocurrency. Qualified...
How the UK is Using Police to Enact Crypto Law.
Over the years, cryptocurrencies have gradually become a prevalent way of value exchange in...
Coinbase goes from $1.6 billion to $8 billion
The world of cryptocurrencies is an unpredictable world that attracts more and more investors...
LBCOIN - Lithuania Central Bank Officially Digital Coin
Anyone who thought cryptocurrency was a temporary invention should think again. After some time...
Why does Litecoin transact faster and cheaper than Bitcoin?
Transaction costs and speeds are the ever-present phenomena in crypto. Most users are looking...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
COMMENTS (0)