Apr 27, 2018 3:33 AM
PT Frank Yiannas, Walmart’s vice president in charge of food safety, was once a “major skeptic” and “non-believer” in blockchain, the electronic ledger technology platform on which bitcoin and other cryptocurrencies are built. “I always advise people: if you’re a skeptic, stay in it; read, learn and more than that, try to do some work in it,” Yiannas said.
“And, I’ve come around and I’ve become a believer. For me…, it’s more like a religious conversion.
The more I got into blockchain, the more I thought this is the solution.” “There are these big, mighty food companies, but they have a weakness,” Yannas told attendees at the “Business of Blockchain” conference at MIT this week.
“I think the food system has one major Achilles’ heel. Their Achilles’ heel is a lack of transparency.”
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