Restaurant Megatrends 2019: Blockchain Brings Transparency to Sourcing… If Restaurants Care
Photo Credit: A man holding potatoes on a farm. Raw ingredients can be better traced back to their source using blockchain technology. Unsplash / Agence Producteurs Locaux Damien Kühn
Skift Take
Blockchain has the potential to massively aid in identifying issues along a supply chain, but its real world applications are still being tested and validated, and large scale impacts still stand to be seen.
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We've just released our annual industry trends forecast, Skift Restaurant Megatrends 2019. You can read about each of the trends on Skift Table as well as download a copy of our magazine here.
It’s likely that you first heard the term “blockchain” in a context associated with cryptocurrency or someone using it as a buzzword to sound like they were being innovative. But the potential applications of this particular approach to documentation and recordkeeping aren’t limited to digital currency, nor should they be.
For the uninitiated, blockchain, also known as Distributed Ledger Technology (DLT), is, at its core, a shared, digital public record of activity. A “block”, or piece of digital information, is verified and added to a “chain”, creating a linearly and chronologically linked series. Editing a single block would, inherently, require editing all bl
