Thursday, November 13News That Matters

Tag: crypto

Blockchain Beyond Crypto: Transforming Supply Chains, Payments, and Digital Identity

Blockchain Beyond Crypto: Transforming Supply Chains, Payments, and Digital Identity

Technology
In the past several years, Blockchain technology has evolved beyond its first link to cryptocurrency. Businesses are using blockchain technology to improve processes across all sectors. From managing the supply chain to managing supply chain payments, all the way to identification verification, blockchain technology provides security as well as transparency and efficiency that traditional systems can't match. Blockchain for Supply Chains Many exciting application of blockchain is the administration of the supply chain. With the help of an uncentralized and secure ledger, businesses can trace items from manufacturing to distribution without any ambiguity. This can reduce the possibility of fraud, ensure that the quality of the product is guaranteed and improve ...