Is blockchain traceability a myth? expert suggests

Is blockchain traceability a myth expert suggests

Most read

Loading Most Ready posts..


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.

Craig Heraghty explained that scammers only require the QR code used to check the product legitimacy, and copying the QR code on the blockchain would render the blockchain useless.

He went to address that the issue was not the technology here and that the logistics network of blockchain needs to think like scammers, who will always find simple ways to trick blockchain tracking.

Combating this issue requires the blockchain companies and grocery store owners to work together and ensure no physical interference of goods has taken place before they reach the supermarket.

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.

Similar labels need to be made available for food packaging, by doing this it would help completely transform the logistics network tracking based on blockchain.

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.

If the difficulties facing food tracking are to be addressed and solved, it would greatly help end food fraud that annually costs a staggering $30 to $40 billion globally.

Heraghty ultimately praised the efforts of grocery companies who were actively making use of technology to track their supply network.

Featured Image by Pixabay

Share link:

Alden Baldwin

Journalist, Writer, Editor, Researcher, and Strategic Media Manager:With over 10 years of experience in the digital, print and public relations industries, he has been working with the mantra, Creativity, Quality and Punctuality. In his waning years promises to build a a self sustaining institute that provides free education. He is working towards funding his own startup.As a technical and language editor, he has worked with multiple top cryptocurrency publications such as DailyCoin, Inside Bitcoins, Urbanlink Magazine, Crypto Unit News and several others.He has edited over 50,000+ articles, journals, scripts, copies, sales campaign headlines, biographies, newsletters, cover letters, product descriptions, landing pages, business plans, SOPs, e-books, and several other kinds of content.

Stay on top of crypto news, get daily updates in your inbox

Related News

Subscribe to CryptoPolitan