Blockchain "completely revolutionizes the way we use our data"


A key area was the improvement of supply chain transparency and asset traceability, and the blockchain's ability to restore data control to its rightful owners – the people who created them to begin with.

Coin Rivet spoke with Streamr and Ambrosus about a year full of events, probably of reference

Henri Pihkala, founder and CEO of Streamr, an online market for real-time data:

"Data is probably the most valuable asset that exists today, but through centralized servers and data silos, the existing mechanisms for data transactions are risky and lacking in dynamism, and Blockchain is already completely revolutionizing the way we use our data. and in turn, who will benefit from the value attributed to our personal information.The application of blockchain to existing industries and services can drastically improve the way in which they operate, mainly by increasing trust and credibility.

This in turn reduces the risks of abuse or data breaches that frequently occur in traditional organizations that rely on centralized servers. And what many people do not understand is that this is not a futuristic fantasy, but a tangible technological solution that can be adopted today. "

Angel Versetti, co-founder and CEO, Ambrosus, a decentralized IoT network for quality assurance in supply chains of goods and drugs:

"Blockchain is a technology built to provide transparency and decentralization to the way data is handled." In global supply chains, blockchain serves as a data integrator for different stakeholders: what was originally fragmented information. Inside the internal databases of each participant, this information is then converted into a coherent flow of data, able to be configured for consumers, so as to increase the trust in a particular brand or product.

In Ambrosus, we specialize in the implementation of blockchain in the supply chains of some of the most valuable and necessary food and pharmaceutical products in the world. For Madagascar's bourbon vanilla, high quality Korean meat, organic coffee and natural honey (among many others), we combine blockchain with specific smart sensors (Internet of Things devices) to tell in a digital way how products move from the farm to the table; cow to the consumer, beehive at home, etc.

Very often these solutions imply some form of radio-frequency identification (RFID) of the product itself or by scanning a QR code connected to a product package. In such cases, essential information about the product such as origin, quality, port of entry and storage time can be provided. However, for some products such as Korean beef, temperature sensing devices and veterinary health certificates must also be integrated to demonstrate a holistic quality assurance.

While each supply chain is different, the goal behind the use of a blockchain-based traceability solution is to transform several lakes of data into cognitive data streams to allow consumers, businesses or governments to manage and act more easily ".

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