Blockchain technology is a double-edged sword, and is able to topple the status quo of many industries. However, this ability has also made blockchain technology notoriously difficult to regulate, despite it's many benefits.
Blockchain is becoming mainstream with an increasing amount of businesses adopting it. In Europe, 2 initiatives are paving the road for widespread blockchain adoption, namely the EU commission initiative EBSI and the enterprise blockchain Europechain.
FACT is a powerful tool to capture events and evidence and record the data on the blockchain for audit and traceability purposes. It is flexible and fully customizable to work with existing processes in current food safety management systems.
The Europechain public blockchain has been launched. Europechain is a GDPR compliant enterprise blockchain with a number of great features, such as incredibly scalability, fiat invoicing, and much more.
Europechain, has been awarded the Adoption Ambassador of the year award at the second Malta AI and Blockchain Summit. The event proved to be a great success with many well-known speakers attending.