If (when) this comes into use, it will be interesting to see to societal ripples.
As it pertains to the food supply, blockchain is an efficient and decentralized way to secure a timeline of analytical information from the farm, processor, distributor and retailer so every ingredient’s source is traceable. Harris compared the food supply and its trend toward blockchain as paralleling Spotify, Amazon and Netflix in their users’ relationship with music, books and movies.
“I foresee the day when nutrition labels will each have a QR code so consumers can use their phone to access the history of nearly every ingredient in that item,” Harris said. “In fact, some companies are already supplying this information.”