This video is brought to you by CoinIdol.com in partnership with Koles Coin News Channel
Blockchain will provide a basis for future economy. The Think 20 Engagement Group via the G20 Insights Platform that offers policy proposals to the G20, reports that Blockchain tech will help to build an inclusive global digital economy that ought to provide more security and transparency to the world’s citizens. According to a recent policy brief of the organization, blockchains is able to strengthen the economic sustainability as well as to ensure that global economy is fair to all participants of the global market.
Blockchain will be used to fight counterfeit. Australian post together with the largest electronic commerce company in the world Alibaba, and the Australian natural health company Blackmores are joining forces to develop a blockchain platform that will improve the traceability of food products in China. Particular attention will be paid to popular Australian exports, such as beer, wine, honey, nuts and nutritional supplements. Bob Black, executive general manager for parcels at Australian post, commented: «The blockchain initiative will help guarantee genuine food products to arrive in China».