New Food Economy: Why blockchain won’t fix food safety—yet

These days it’s hard to read about the future of industry—nearly any industry, really—without hearing how the blockchain is going to completely disrupt it. Blockchain is best known for being the digital accounting backbone of the volatile digital currency Bitcoin, but in many other contexts it is being promoted as a catch-all solution for transparency, efficiency, and trust. And the food industry is no exception. Some companies, including giants like Walmart, Nestlé, and Dole, are hopeful that the high-tech tool can be used to address longstanding problems around food safety and traceability. Read more…