Blockchain technology is driving a broader trend towards securing digital identities of people, organizations, and physical objects. Machines capable of cryptographically-secured transactions can prevent hacking, data breaches, and more of the problems that plague digital economies today.
The common registration protocol brings industry and commerce legacy systems one step closer to secure interactions with cryptographic networks. This will fundamentally change the approaches to computing that underpin today’s IoT device identities, sensor data, and business logic.
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CGF and Skuchain both believe that the establishment of standards will be crucial to the successful adoption of blockchain across the global food value chain. With the success of CGF’s Smart Label initiative, Skuchain looks forward to helping CPG companies implement the next generation of tools for transparency, sustainability and efficiency in the supply chain.
With its global reach, CEO leadership and focus on retailer-manufacturer collaboration, CGF is in a unique position to drive positive change and efficiency across the consumer goods industry and around the world.
Using blockchain, these enterprises can then leverage this best practices effort to proactively initiate consistency across industries and their related organizations / councils. Ultimately, our joint goal is to enable standardizations across industries and become “industry integrators” for the betterment of a more efficient and consistent risk management environment.