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Experts Believe Food Retail Giants Hesitant To Adopt Blockchain Because Of "Illusion Of Traceability"
Summary: Experts are saying that the reason for food retail giants like Walmart and Nestlé not adopting blockchain actually has nothing to do with the blockchain technology itself. Agribusiness Leader at “Big Four” auditor PwC, Craig Heraghty, stated that the “weakest” part of blockchain is not the technology, it is instead “the piece of sticky tape ...
Experts are saying that the reason for food retail giants like Walmart and Nestlé not adopting blockchain actually has nothing to do with the blockchain technology itself.
Agribusiness Leader at “Big Four” auditor PwC, Craig Heraghty, stated that the “weakest” part of blockchain is not the technology, it is instead “the piece of sticky tape that puts the label on the package. You have to think like a fraudster and see where you can copy a label or a QR code.” Heraghty argues that there is potential concern because of the “illusion of traceability.”
By Roland James
Tags: Blockchain,traceability,Walmart
Link: Experts Believe Food Retail Giants Hesitant To Adopt Blockchain Because Of "Illusion Of Traceability" [Copy]
