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Blockchain:TheFacts&FictionSurroundinganEmergingTechnology

JulieMcGill,FoodLogiQVPofSupplyChainStrategy&Insights

March2,2020

Agenda

1.  Activitytoday2.  Lookingtothefutureoftraceability3.  Gettingready

AboutBlockchain

Whatisit?Adigitalledgerwherealltransactionsarerecordedchronologicallyandpublicly.

Thetermblockchain,accordingtoGS1,hasbeenused:•  Torefertotechnologiesthatare“sharedledgers”ofdata

•  Asthenameofalgorithmsthathelpachievedecentralizedconsensus

•  Torefertoanimmutableledgersystem:e.g.“theblockchain”

•  Ageneralpurpose“magicbullet”solution

NetworkTypes

Distributed Centralized Decentralized

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LedgerTypes

Public Consortium Private

CurrentStateofFoodChain+Blockchain

●  Momentumintheindustryrightnowtoconsidernewtechnologiesandapproaches.

●  Currentapplicationsofblockchaininthefoodsupplychainareprimarilysingle-threadedandconsideredenterpriseblockchains,nottrulydecentralized.

●  Regulatoryinitiativeshighlighttheneedfordatagathering,dataqualityandinteroperability.

Exploration

•  Industryworkgroups– GS1USBlockchainDiscussionGroup– GlobalDialogueforSeafoodTraceability– PMABlockchainTaskForce– FoodLogiQLABS

•  Industryspecificblockchains–  i.e.agriculture,beef,seafood

FDAFocus:End-to-EndTraceability

Source:FDANewEraofSmarterFoodSafety

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GettingReady

1.  Determinewhatproblemsyouaretryingtosolve.

2.  Doanassessmentofyourcurrentcapabilities.

3.  Getinvolvedinworkgroupsandpilotgroups.

ImageSource:GS1US

WillBlockchainReallyMakeUs…

•  Moreefficient?•  Exchangedatafaster?•  Trustthedatamore?

ManagingMisconceptions

•  Traceability≠blockchain

•  Notasilverbullet

•  Interoperabilityiscritical

DataandMoreData

•  Whatinformationneedstobeexchanged?

•  Isthedatastandardized?

•  Doesitaddvalue?

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FoodLogiQandBlockchain•  Technologyadvancementsarecriticaltomodernizingthe

foodindustryanditssupplychains.

•  FoodLogiQcontinuestoinnovateandempowerourcustomers’abilitytoexpandtheirecosystems,tietogetherandsharedisparateinformationacrossasingleplatform.

•  Aglobalvisionrequirestherightpartnersandstandardstoimplementthebestsolutionforsupplychaintraceabilityandtransparency.