– Bjorn Kutz , Program Director , Watson IoT Solutions and Blockchain IBM

Program Director , Watson IoT and Blockchain . “ It ’ s a secure solution that simply and quickly tracks products and transactions with visibility to the different parties throughout the chain .

“ This is critical for logistics and distributors because it enables businesses to quickly track when and where products have travelled , react to changes and to minimise impacts for all vendors involved .”

Blockchain is an open , distributed ledger system that records transactions between two parties efficiently , but also in a verifiable and permanent way . As it ’ s secure by nature , it is the perfect solution for recording and tracking events , records and management activities , as well as transactions , provenance of any documentation and issues such as food traceability .

The latter makes blockchain the ideal solution for food logistics and distribution organisations according to Kutz , who states that blockchain improves visibility and accountability from all parties .

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