The challenge:
Transactions/tokens assigned to other industries beyond cryptocurrencies
A real time trusted network that is public and shared through different levels of a distribution chain, but able to be set partially privately, so vendors don’t see what other vendors do. For the insurance business it finds a perfect fit, as each transaction resembles a contract within each client, and it secures its reliability with all the transparency each insurance contract needs for it to be enforced.
In another industry, supply chain networks can be limited by one-up/one-down visibility. Through distributed ledger technology that provides a shared, single version of the truth, Blockchain supply chain solutions give permissioned participants greater visibility across all supply chain activities. Supply chain data is not always visible, available or trusted. Blockchains solutions like IBM’s one helps supply chain partners share trusted data through permissioned blockchain solutions. In times of disruption, this matters more than ever. Businesses and consumers want brands to guarantee product authenticity, while supply chain participants demand responsible sourcing and better visibility to minimize disputes. IBM commissioned Forrester to investigate how supply chain leaders are using data to handle the disruptions of today and report on how the use of blockchain can help them in the future. Even for socially responsible efforts from companies to communities platforms like Farmer Connect is designed to help increase traceability, efficiency and fairness in the coffee supply chain. There are many other applications, from which we have to understand there is a need to set reliable procedures and work frames, for its value not to be partially managed. (More info on “blockchain structure basis”) |