Blockchain technology trialled to tackle slavery in the fishing industry | Guardian Sustainable Business | The Guardian

English: The model shows institutions and mark...

English: The model shows institutions and market as a possible form of organization to coordinate economic transactions. When the external transaction costs are higher than the internal transaction costs, the company will grow. If the internal transaction costs are higher than the external transaction costs the company will be downsized by outsourcing, for example. Deutsch: Die Darstellung zeigt ausgehend von der Transaktionskostentheorie die Begründung für die Existenz von Unternehmen. (Photo credit: Wikipedia)

This Guardian article is a recommended read. It reports that technology could be used to differentiate fish caught sustainably to those caught illegally, or linked to human rights abuses.

Source: Blockchain technology trialled to tackle slavery in the fishing industry | Guardian Sustainable Business | The Guardian

It describes blockchain technology which will provide cost effective traceability to the food industry. This will replace costly systems, reduce transaction costs and improve product quality. Bring it on!

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