There are many who point out that even if they don’t believe in the cryptocurrency markets, that they certainly recognize the potential of blockchain technology. Similarly, while China clearly is not embracing the cryptocurrency markets, that doesn’t mean that they don’t recognize how much blockchain can end up improving the world.
When one speaks about the sectors that blockchain can disrupt, there are many obvious answers. Some point to the global payments sector as the area where it will have the most effect. Others claim that blockchain will forever revolutionize the logistics space. Either way, a Chinese district is apparently looking to blockchain to help with quality assurance in the food sector.
About The Announcement
The Food and Drug Administration of the Chinese Chongqing Yuzhong District will be the agency adopting blockchain technology. The announcement was officially made by the official newspaper of the Chinese Communist Party, the People’s Daily.
The blockchain was developed by PrimeNumber Chain Technology Chengdu Co., Ltd. The CEO of the company, Deng Ke, stated that there is more than one reason that this decision will improve food quality. First and foremost, this will help improve regulations overall. Secondly, the supervision of food quality will be more efficient as a result of blockchain, as well.
Of course, this isn’t the first time that a company has examined how blockchain can help with regards to food traceability and quality. One decision that made international headlines was the fact that Wal-Mart was using blockchain technology to track its lettuce.
Cargill, one of the largest food companies in the United States, also announced a blockchain-based traceability program last year where they allowed consumers to learn more about their Thanksgiving turkeys.
Another organization that has utilized blockchain for food traceability is the World Wide Fund For Nature, which developed a food tracking system called OpenSC.