DURIO Develops Future Blockchain Tech: Supply Chain Interoperability
SALT LAKE CITY, August 8, 2018 (Newswire.com) - Food, the most ubiquitous commodity in the world, understandably comprises of supply chains more complex than that of other industries.
Blockchain integration into food supply chains is no more a thing of the past, as blockchain startups begin to recognize and implement these infrastructures to achieve greater food safety and higher cost savings, to name a few of the benefits it brings.
DURIO Technologies, an early adopter of agriculture blockchain supply chain technology, has recognized that next generation blockchain technology will be focused on solving the challenges of interoperability and scalability so that distributed ledger technology can be applicable across multiple individual blockchain platforms.
DURIO Technologies
DURIO Technologies, an early adopter of agriculture blockchain supply chain technology, has recognized that next generation blockchain technology will be focused on solving the challenges of interoperability and scalability so that distributed ledger technology can be applicable across multiple individual blockchain platforms.
Currently, the challenge with decentralized networks and platform-based protocols is that each network is governed by its own set of standards and economics. Think of Bitcoin, Ethereum, and Neo for example. Each uses its own currency and has its own set of rules for development.
Industry players are often motivated to develop systems designed to meet minimal compliance which ends up with multiple blockchains for food traceability that are minimally useful and unable to communicate with each other. In the event of large-scale food contamination, the available systems might not be up to the task of rapidly identifying the source.
For the vision of global blockchain-enabled food safety, these different networks are required to interoperate, or at least be able to communicate, with each other.
DURIO technologies is currently developing an infrastructure network to bridge different blockchains by focusing on lower, protocol, and hardware level interoperability. They are confident that collaboration across multiple platforms will set best practices for blockchain interoperability that will, in turn, encourage broader market adoption across businesses.
DURIO’s unprecedented infrastructure network is set to become the first globally accepted standard for connecting agriculture blockchain supply chains. Its successful implementation will surely validate DURIO as the number one agriculture blockchain technology provider in the world.
Source: DURIO Technologies Inc.