We at Code Heroes have put together a video to explain, simply, what blockchain is in plain English. We explain how blockchain works and how it can battle major issues in industry. Using agriculture and food fraud as an example, we show how blockchain can work for businesses and why it’s caused such a craze.
Blockchain is a new technology which stores and transfers data in a more secure way than regular methods. It’s so safe because all the data is connected together in a chain, meaning that to hack one bit of data you would have to hack the entire system which would takes hundreds to thousands of computers to have enough power.
Blockchain is currently being used in industries such as agriculture, retail and hospitality to increase efficiency of supply chains, transparency of systems, enhance security, and battle issues of the industry such as fraud, third party costs, and inaccurate data.
For more information on what is blockchain: https://www.codeheroes.com.au/what-is-blockchain
Using food fraud as an example of a problem that blockchain overcomes, this video explains what blockchain is in plain, simple, Aussie English.