Blockchain Made Simple: How Blockchain is Used in Retail

Blockchain Made Simple:

Blockchain is one of the hottest sectors in the market, yet few investors really understand what the blockchain is, and how it works. This is why DMG Blockchain Solutions is presenting Blockchain Made Simple. Hosted by Dan Reitzik, Blockchain expert and CEO of DMG Blockchain Solutions; Blockchain made Simple is a series of fun, easy to digest videos, answering questions like What is Cryptomining? What is Bitcoin? and What can I buy using Cryptocurrency?

How is blockchain used in retail?

Starbucks and Walmart are already using blockchain. Blockchain is simply a technology – like a digital accounting ledger – that securely tracks many types of transactions. Blockchain technology ensures that no data can ever be altered. In retail, that tracking guarantees quality at every step in the production and distribution of goods from the source all the way to the consumer. Starbucks implemented a program with farmers in countries like Colombia, to track coffee from “bean to cup,” by sharing real time information at every step along the supply chain. Walmart’s food safety group is using blockchain technology to track the farm where pork is raised, factory processing data, expiration dates, storage temperature and shipping details.

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