Transactions are processed directly from peer to peer with fewer intermediaries and ledgers get updated automatically.
Blockchain asset tracking can combat counterfeits. RFID tags can track and trace assets throughout the entire supply chain until they reach the consumer’s hands.
Blockchain technology is resilient and does not have any single point of failure. Transactions processed in the blockchain are immutable and irrevocable.
Automated smart contracts to validate transactions, Less use of intermediaries, no reconciliation of work help to reduce the supply chain cost overall.
RFID Tags can improve traceability within the supply chain by allowing inventory to be tracked at every step along the way from its raw material source to end-user delivery.
Transactions are processed directly from peer to peer with fewer intermediaries and ledgers get updated automatically.
Smart contracts are preset conditions, agreed upon by two or more parties, that execute automatically when all conditions are fulfilled.
Blockchain technology is resilient and does not have any single point of failure. Transactions processed in the blockchain are immutable and irrevocable.
Automated smart contracts to validate transactions, Less use of intermediaries, no reconciliation of work help to reduce the supply chain cost overall.