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Blockchain’s Innovative Features Whet Restaurants’ Appetite For Safety And Openness

July 1, 2018: 12:00 AM EST

Restaurant companies are trying blockchain applications to manage their various operations, including customer loyalty programs and supply chains. For example, Chanticleer Holdings uses blockchain, which is a digital, peer-to-peer technology designed to store encrypted data and protect it from fraud, to manage its loyalty program. With blockchain, the company is letting customers earn points and rewards across its restaurant brands. Closely linked to the cryptocurrency bitcoin, blockchain lets users share and access data through a decentralized system that is both open and anonymous. However, developers can add safeguards and safety parameters to the technology. 

Kevin Hardy, "Explaining the Rise of Blockchain in Restaurants", QSR Magazine, July 01, 2018, © Journalistic, Inc
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