Corporate Finance, DeFi, Blockchain, Web3 News
Corporate Finance, Fintech, DeFi, Blockchain, Web 3 News

What the blockchain means for supply chains

Blockchain technology has attracted a lot of interest lately. And rightfully so. As recently explained in The Economist, the innovative shared-ledger technology offers transparent, immutable and mathematically verifiable record syncing across organisations with no need for trusted middlemen.


This property makes blockchains particularly attractive for dealing with supply chains. In today’s globalised world, supply chains often involve multifaceted and international processes that include a wide set of actors who may not necessarily know or trust one another and for which a clear reconciliation method may not be available if anything goes amiss.

“Producers, transporters, customs and all other parties along the supply chain currently maintain their own poorly connected accounting ledger, while business often relies on handshake deals,” explains Vinay Gupta, release coordinator for Ethereum, perhaps the most ambitious blockchain project in the space. “Utilising blockchain technology as a common carrier computing system, we can push a huge amount of the paperwork onto the blockchain, vastly improving on efficiency.”...

Read more:
http://gelookahead.economist.com/blockchain/


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Jeudi 26 Novembre 2015




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