The Supply Circle: How Blockchain Technology Disintermediates the Supply Chain

A structure that emerged as the productive model of the industrial age of the nineteenth century. It has become a collection of rusting links, with producers and consumers stuck in obfuscated commodity-driven relationships that keep them both from fully understanding each other’s needs, the needs of the environments they inhabit, and the needs of fair and ethical labor practices. In a rapidly industrializing world, this model was necessary to move products from point A to point B. But it’s been two centuries, shouldn’t we start moving on?

The correct answer: Yes. By utilizing blockchain technology, we can build the necessary internal and external value networks for an entirely new infrastructure for provenance and supply chain management that is...

Read more:
https://medium.com/@ConsenSys/the-supply-circle-how-blockchain-technology-disintermediates-the-supply-chain-6a19f61f8f35#.xqvhvy36i

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