July 14, 2016
The limits haven’t been reached yet in attempts to find use cases for blockchain technology across industries and extract all the benefits distributed ledger can bring into sometimes unexpected areas of application.
One of the elements of businesses that blockchain technology is believed to aid in improvement is supply chain and logistics. Similar to the financial services industry, in supply chain and logistics, blockchain has a great potential in increasing transparency.
Modern business models in industries requiring vast supply chains for seamless distribution of goods usually keep the network behind the store shelves hidden. Hence, for the most part of the products in everyday consumption, customers would find far from hassle-free models to trace the logistics and understand the origin and journey that the product they hold ...