How would you apply blockchain to the dairy industry?

Blockchain is a distributed database that maintains a shared list of records. These records are called blocks, and each encrypted block of code contains the history of every block that came before it with time-stamped transaction data down to the second. These blocks are chained together. Hence the name blockchain.

A blockchain is made up of two primary components: a decentralized network facilitating and verifying transactions, and the immutable ledger that network maintains. Everyone in the network can see this shared transaction ledger, but there is no single point from which records or digital assets can be hacked or corrupted. Because of that decentralized system, there's also no one organization controlling that data, be it a big technology company or financial institution. There are no third-parties serving as the gatekeepers of the blockchain technology. The power of blockchain's distributed ledger technology has potential application in the agriculture sector. 



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