The announcement explains that while quantum computers can help many difficult-to-tackle challenges in the future, they also pose a major threat to the current cryptography standards that could be easily broken by a fault-tolerant quantum computer with a high qubit count. This includes SHA-256, the encryption algorithm that Bitcoin (BTC) uses to secure the network, with potentially disastrous consequences for the cryptocurrency world.
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VeChain serves up ready-to-use blockchain applications for food safety
In an attempt to sweeten the deal for food brands reluctant to turn to blockchain because it’s expensive, the traceability company has released a cost-conscious platform
Although the technology shows a lot of promise, there’s one problem with creating a food-tracking blockchain: it requires an upfront investment, making it expensive for companies to embrace. Many end up building their own applications from scratch, and struggle to understand exactly how it works.
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Implementing blockchain may be a more appetizing proposition than food manufacturers expect (Photo: HerdX)Tracing food on blockchain gains momentum, with shoppers willing to pay big bucks
As new innovations continue to emerge in the industry, an IBM report says some shoppers would be willing to pay a premium of 35% for fully traceable produce
In a one night only event, the company invited Washington, D.C. locals—along with food industry executives and legislators—to order curbside meals featuring produce that was traced by HerdX’s blockchain system. Diners were then able to see where their beef had come from—in this case, the Dean and Peeler Meatworks farm in South Texas.
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Both companies say blockchain is becoming 'increasingly important' for businesses, among them food transportation (Photo: Wikimedia Commons).Driven by coronavirus, IBM and EY ally on blockchain
It’s hoped the ‘enhanced, multi-year alliance’ will help companies ‘reframe their future amidst an unpredictable and rapidly evolving environment’
“As organizations learn how to adapt to today's new normal, leveraging the cloud, AI, analytics and other technologies have become increasingly important,” EY’s global chairman and CEO Carmine Di Sibio said in a statement.
