Blockchain is a distributed, unmodifiable, secure ledger for storing any kind of data and business logic.
phy2TRACE’s blockchain is a secure and scalable solution to store all traceability data in a decentralized way. Immutability of data brings responsibility, transparency of data distributes trust throughout value chain and enable straightforward mediation. For the Blockchain utilization, Ethereum has been chosen as it is open-source, public, distributed computing platform and operating system featuring smart contract functionality. Ethereum has the largest and most developed community worldwide, it has been heavily benchmarked and tested with various applications, and it has clear integration methodology and ruleset.