Blockchain News - 2

Supply Chain Management turns to the blockchain

One of the most impressive features of blockchain is its ability to provide more secure, transparent monitoring of transactions. Supply chains can be seen as a series of transaction nodes that are responsible for moving products from point X to the point-of-sale or final deployment. With blockchain, all transactions can be documented in a decentralized record, which reduces time delays, added costs, and many human errors.
There are already a few blockchain startups that are innovating into this sector: One of them is Provenance. This startup is building a traceability system for materials and products, which enables businesses to engage consumers at the point of sale with information gathered collaboratively from suppliers all along the supply chain. Another name to mention is Hijro, which is a company that offers an alternative platform for lending into global supply chains.

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