Supply Chain

Just over a decade old, the blockchain world has already proven to have tons of use cases in the financial and economic world globally. Blockchains are public ledgers that possess the features of transparency, immutability, traceability, and traceability. These basic features of blockchains make them continuously garner adoption and use cases in finance, government services, hospitals, and many more options. This guide will look into one of the most popular financial use cases of blockchain, the supply chain. How is…

Blockchain technology continues to be useful across numerous sectors and walks of life, including agriculture and the supply chain. In the supply chain domain, firms now have access to updated information regarding tracking and food safety, capable of streamlining and identifying opportunities for improvement, with a focus on freshness. In the United States, berry producer California Giant Berry Farms is now part of the food tracking solution IBM Food Trust, which is based on blockchain. In a report released by fruit and…

One of the biggest problems facing the manufacturing and supply industry is counterfeiting. Counterfeit goods are a global problem with an estimated worth of half a trillion dollars a year, representing 2.5% of global imports. Years back, counterfeits were a small-time illegal business but have since grown immensely to impact companies behind original brands profoundly.  The counterfeiting industry has, in fact, risen to be a complex business having devastating effects not only on numerous businesses across the globe but also…

The Advent of Distributed Technology In this day and age, the advent of distributed technologies like Blockchain has thoroughly shaken the world. Not just the Finance sector, but other areas such as Property, Advertising, and Governance, among others, are expected to be affected. By promising to remove intermediaries, Blockchain has set off to change the Global Infrastructure as we know it. For now, we use blockchain technology to store and share information across a network of users in an open…