Cryptocurrencies based on blockchain technology, such as bitcoin and ethereum, get a lot of hype. Some believe they are the future of finance, while other including savvy MPs on the Commons Treasury Committee and the Financial Times’ Alphaville blog (free registration required) take a more cynical view. Recent drops in the price of bitcoin suggest the latter have a point.
Like many technologies, blockchain – which creates a permanent, unalterable record of transactions – may prove to be of greater use in areas other than its original one. I have previously looked at its uses outside finance for Computer Weekly, but have now focused on how it can support food and drink supply chains. Continue reading “Blockchain: cut the cryptocurrencies and taste the tuna”