In the latest from the world of Internet of Things (IoT), a new and interesting partnership with an emerging technology has drawn some attention. Computer World brought this to us in their article, “From coffee bean to cup: Starbucks brews a blockchain-based supply chain with Microsoft.”
Starbucks is working with Microsoft to develop a blockchain-based supply chain tracking system and mobile app that will allow customers to track the supply chain journey of the beans they buy and the coffee they drink. They are calling it a digital transparency plan. It will verify their coffee beans as 100% ethically and sustainably sourced.
Because blockchain is as basic as a growing list of records, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, a blockchain is resistant to modification of the data. Therefore leaving it as an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.
Melody K. Smith
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