HiveBits founder Nemanja says six to seven out of ten jars of honey in retail are fake "One of the problems in beekeeping is a trust problem, and crypto was built to solve this trust problem. When you buy honey you don't know what you're buying, especially in retail, because all research shows that six to seven out of ten jars of honey in retail are fake honey." "What we want to achieve is that tomorrow, when you buy a jar of honey from HiveBits or a beekeeper on our network, you're 100% sure what you get at your table, because we're talking about food." "Fake honey is mostly synthetic honey produced in China, or some beekeepers mix sugar syrup with the honey. So you buy a jar of honey, but 50 to 60% of it is just sugar syrup." "I actually keep one jar I bought in Dubai, and half of it is syrup and half of it is honey. I keep it to show people, okay, this is fake honey, and this is how it looks." FT @0xBeeSmart @hivebits_io