Experts claim that the biggest obstacle facing blockchain
systems that are being adopted by food retail giants like Walmart and Nestle
has nothing to do with the technology itself.
In an interview with Tech Wire Asia, published on
November 7, Craig Heraghty, agribusiness leader at the PwC auditor, reflected
on the growing blockchain trend among major retailers worldwide. He argued
that:
The weakest link in the chain is not blockchain or any technology, the weakest link is the piece of adhesive tape that puts the label on the package. You have to think like a scammer and see where you can copy a tag or a QR code.
"A worrying trend"
Heraghty
said that blockchain is a potential concern to the extent that it gives an
"illusion of traceability" to supermarket chains and consumers since,
while the data record itself can be tamper-proof, the entry points Physicists
are not necessarily infallible.
Beyond this point, Heraghty had no other solution but to
emphasize that the obligation falls on companies to assume responsibility for
trying to protect their systems against vulnerability to fraud by dishonest
saboteurs.
Food retail giants remain interested
As
reported, the broad search for Walmart blockchain-related projects to date has
focused on using technology in areas such as supply chain management, customer
markets and smart devices.
Recently, he filed a patent for a possible digital
currency that would be part of a blockchain-based services ecosystem and could
support an "exchange of open platform value for purchases and
crowdsourcing work".
Swiss-based food retail giant Nestlé recently admitted
some of the challenges it faces with its own blockchain company, and said it
had to adopt a "start-up mentality" to move forward with its digital
transformation ambitions.
This summer, Nestlé Australia's "Chain of
Origin" initiative to implement blockchain technology for supply chain
management was nominated for an award by the US-based market intelligence firm,
International Data Corporation.
The project aims to allow Nestlé customers to
track their products using blockchain in an attempt to provide more transparent
information about their origin and production.
SOURCE: Cointelegraph
