This is an interesting take.
Blockchain is a distributed ledger technology that allows all members of a supply chain to record transactions in a decentralized data log maintained on a network of computers, rather than a physical ledger or a single database. Transactions must be approved through consensus, and everything is secured through cryptography. A transaction is immutable once added to the blockchain, which prevents participants from manipulating or altering the records. By participating in the CCP blockchain, our customers will be able to enter into smart contracts which are supported by business rules for product monitoring, breach alerts, product acceptance and product payment. Our new shipment smart tag complements our blockchain initiative. Our product management team comprises 45 staff, including experienced blockchain developers. With a global shortage of blockchain developers with real depth of experience and skills, we are leveraging existing relationships and partners with organisations like Microsoft to expand our blockchain activities. We are quickly forging new relationships that we believe may lead to further growth in this part of our business. Globally, food companies are looking to use blockchain to improve their ability to monitor the temperature conditions for perishable foods to ensure quality control and extend shelf life. We anticipate strengthening our blockchain capabilities to drive related initiatives.
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This is an interesting take. Blockchain is a distributed...
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