Lumchain uses the blockchain to track and trace the origin, location, and condition of individual items in the food chain. Along the way, there is likely to be a geographical screening that allows experts to figure out if something came from a farm or supplier known for their association with illegal slavery.

The company is confident this will reduce waste and improve product recalls as well as audit processes. The fresh food industry is currently align=left>Using Distributed Technology in Global Industry

A common misconception among people who aren’t in-the-know regarding distributed ledgers is that blockchains are a technological innovation used for finance and economics.

This holds true to some degree; a blockchain that mimics an economy ? like Bitcoin ? requires an economic incentive in the form of a currency or token to make the system effective. However, for tracking information and processes, there is no real incentive that needs to be built into the network, it can exist outside the blockchain.

While these blockchains are distributed, they aren’t completely decentralized or public as they are limited to a few participants. Even if the company chooses to make it a public network (which is unlikely), it can be accessed by anyone but data is still uploaded and managed by a single point of failure i.e. a centralized entity

来源：btcmanager.com

编译：张潮

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