Blockchain in Agri- & Horticulture: Hype or Future?
Blockchain technology offers the agri- & horticultural sector various advantages and applications that can enhance transparency, traceability, and efficiency in the supply chain. However, is blockchain a necessary advancement or a trendy misconception?
The connection between blockchain, finance, and digital currencies (such as Bitcoin) is likely familiar. Blockchain serves as a digital ledger where transactions are recorded. These transactions are bundled into blocks that are linked together. With each new transaction, a new block is added to the chain. Unique to blockchain is that each block contains a "fingerprint" of the previous block, making data manipulation virtually impossible. This ensures security and transparency.