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AP

As people become more interested in understanding where their food is coming from, blockchain technologies are being eyed as a way to track and record the source of food from the farm to the dining room table, Bloomberg reports.

  • Blockchain is a shared, cryptographically secure ledger of transactions.
  • It's a growing business opportunity in China, where food fraud can be a big problem.
  • Why it matters: Michigan State University"s Food Fraud Initiative says fraud costs the global food industry as much as $40 billion annually. Pew Research Center found that 40 percent of Chinese see food safety is a "very big problem," up from 12% in 2008.

Examples:

  • Wal-Mart is completing a trial using blockchain technologies to track pork in China, cutting the time it takes to track the meat's supply chain from 26 hours to a few seconds, the company tells Bloomberg.
  • Shanghai-based Zhong An Information and Technology Services Co. recently said it will use the technology to track chickens from the coop to the processing facility to the store.
  • Alibaba Group is also working on a blockchain project that will include its food suppliers in Australia and New Zealand.

Go deeper

Capitol Hill's far right pushes Anglo-Saxon values, European architecture

Photo: Al Drago/Bloomberg via Getty Images

Multiple far-right House Republicans have begun planning and promoting an America First Caucus aimed at pushing "uniquely Anglo-Saxon political traditions," Punchbowl News first reported.

The big picture: "The document was being circulated as the GOP is struggling to determine a clear direction as it prepares to try winning back control of the House and Senate in the 2022 elections," AP writes.

Super typhoon Surigae explodes to Cat. 5 intensity

Super Typhoon Surigae seen on satellite imagery Saturday morning east of the Philippines. (CIRA/RAMMB)

Super Typhoon Surigae surged in intensity from a Category 1 storm on Friday to a beastly Category 5 monster on Saturday, with maximum sustained winds estimated at 180 mph with higher gusts.

Why it matters: This storm — known as Typhoon Bising in the Philippines — is just the latest of many tropical cyclones to undergo a process known as rapid intensification, a feat that studies show is becoming more common due to climate change.