Blockchain Technology and the Potential Applicability in the Feed Industry - Condensed
Loading...
Persistent link to this item
Statistics
View StatisticsJournal Title
Journal ISSN
Volume Title
Title
Blockchain Technology and the Potential Applicability in the Feed Industry - Condensed
Published Date
2019-04
Publisher
Type
Report
Abstract
Blockchain applications offer the feed supply chain incredible benefits and efficiencies in the goal to improve feed safety and animal health. The power of utilizing blockchain technology in feed supply chain transactions is in allowing parties to trade in the absence of a mediator or trusting relationship. This is the cornerstone of all blockchain applications - secure trading of ‘things’, both physical and virtual, without middlemen and historical relationships. However, implementation of the technology will experience hurdles and will require consensus among the industry for standards and methods of data collection and sharing. In addition, the cost of entry to access the data and who will pay for it will be a driving factor in the success of blockchain technology adoption. And finally, it should be recognized that blockchain applications depend absolutely on the reputability and accuracy of the data included in the blocks that are recorded in the chain.
Keywords
Description
Related to
Replaces
License
Collections
Series/Report Number
Funding information
Swine Health Information Center
Isbn identifier
Doi identifier
Previously Published Citation
Suggested citation
Zhang, Yue; Lee, Soomin; van de Ligt, Jennifer L.G.. (2019). Blockchain Technology and the Potential Applicability in the Feed Industry - Condensed. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/219610.
Content distributed via the University Digital Conservancy may be subject to additional license and use restrictions applied by the depositor. By using these files, users agree to the Terms of Use. Materials in the UDC may contain content that is disturbing and/or harmful. For more information, please see our statement on harmful content in digital repositories.