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AGWEB: Blockchains: Shared, Traceable, Transparent Ledgers for Recordkeeping
Simply put, blockchains are shared, traceable and transparent ledgers for record keeping. They capture information for each transaction in a supply chain to better understand what’s happening in the transactions.
“Traceability is a fundamental part of our future. Recapturing the confidence of consumers is important, and blockchain is a technology that allows us to do so in a manner that allows us to be comfortable in knowing we are not giving all of our secrets and not trading away our margins to the food retailer,” Aidan Connolly says.