Is blockchain traceability a myth? expert suggests |
Blockchain traceability is the very usability that is the proponent of quick blockchain adoption throughout the world and now an expert has given way to the question; Is blockchain traceability a myth?
Blockchain has widely been accepted due to the security of data and the swift transfer of data without delays on top of lower chances of a breach.
Now a leading agriculture business consultant at the famed PricewaterhouseCoopers (PwC), Craig Heraghty was recently on air and told the Australian news that Blockchain only gives the deception of trackability.
Blockchain traceability: Interference-proof packaging
Manufacturing companies in America have experimented with prototype labels that interference-proof. With the assistance of Microsoft’s Azure’s blockchain technology, manufacturing companies are now able to print labels that change visibly if they’ve been physically handled.
Blockchain traceability: Grocery sector on blockchain
In spite of the challenges still being faced by supply network tracking, the grocery sector is still accountable for nearly half of all the blockchain supply chain products.
Heraghty ultimately praised the efforts of grocery companies who were actively making use of technology to track their supply network.
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