In: Economics
To what extent will these emerging technology (blockchain and genetically modified organisms (GMOs)) foster sustainability practices on the economy in Mexico?
Ans- Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Blockchain technology has far-reaching applications across many industries. Blockchain is already used to facilitate identity management, smart contracts, supply chain analysis, and much more. The full potential of blockchain technology likely remains to be discovered.
A genetically modified organism is any organism whose genetic material has been altered using genetic engineering techniques.Some benefits of genetic engineering in agriculture are increased crop yields, reduced costs for food or drug production, reduced need for pesticides, enhanced nutrient composition and food quality, resistance to pests and disease, greater food security, and medical benefits to the world's growing population.It can be used as to foster the sustainable practices.