Blockchains are often defined as a distributed ledger technology, but they are far more than just digitized records. They provide verifiable proof of the entire journey of any asset tracked on the blockchain—from tangible assets like diamonds or nutmeg to tokenized assets like funds or even impact. This feature of blockchains holds unique value for addressing the problem of anti-aligned reporting incentives along supply chains. Blockchains offer a secure way to immutably capture information with history and to share proof of that data without revealing the data itself. The value this holds for coffee supply chains can’t be understated—it cuts right through reporting problems. No other solution currently available can provide anonymous, verifiable proof of data. Blockchains are unique in their ability to allow for information to be verified without the information itself being made public—digital solutions alone can’t do that. Blockchains can be anonymized without compromising the verifiability of the system. Blockchain data is both verifiable and tamper-proof by nature—it cannot be stolen, fabricated or lost. 9
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