FDA and FCC consider blockchain technology | TECH(feed)

Hey everyone welcome back to tech feed. I’m juliet beauchamp and today i want to
talk about how some united states government agencies are considering blockchain’s possibilities. Stick around. Both the federal communications commission
and the food and drug administration here in the u-s are eyeing blockchain solutions
for totally different problems. The f-c-c recently revealed it is looking
for a way to better track and trace wi-fi spectrums. As more and more iot sensors are deployed
for infrastructure or other uses, the f-c-c is exploring ways to speed up the transfer
of data between iot devices. Since the number of iot devices and sensors
is expected to grow from 21 billion this year to 50 billion by 2022, simplifying and accelerating
data transfer is of course a high priority. Blockchain could also add valuable insight
about how the air waves are being used. But the f-c-c isn’t the only federal agency
exploring the benefits of blockchain. The food and drug administration is considering
using the technology to trace food back to its origin–and that could be huge for food
safety. Right now, tracing food back to its source
is pretty difficult. Many in the food delivery supply chain currently
rely on paper-based tracking systems. Using blockchain to track and trace food from
the farm to the shelf would change this completely. With a clear view on were exactly food came
from, food safety scares like last year’s e-coli outbreak could be resolved more easily. In that example, the e-coli was traced back
to romaine lettuce–but because the lettuce couldn’t immediately be traced back to its
source, plenty of stores had to get rid of millions of dollars of product. While some grocery chains have implemented
or announced similar blockchain concepts for food safety, implementation by the f-d-a would
mean the 80 percent of food in the u-s the f-d-a oversees for safety would be traceable
through blockchain. While neither the f-d-a nor the f-c-c has
actually implemented these blockchain strategies, seeing the federal government push forward
with blockchain solutions confirms what we already know–blockchain isn’t just all
hype. It’s a viable technology that can change
or enhance the way a lot of enterprises do business. Thanks so much for watching this episode of
tech feed. If you liked this video be sure to give it
a thumbs up and subscribe to our channel. And if you want to check out more on these
stories, check out the links below to computerworld. See you next time.

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