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Strategies & Market Trends : Blockchain and Cryptocurrencies -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (294)	1/18/2018 9:56:29 PM
From: The Ox	4 Recommendations Recommended By elpolvo Glenn Petersen nicewatch Thehammer Read Replies (1) \| Respond to of 7596

Consider this, that each grower, processor, distributor, retailer and transportation company that touched an ingredient uses the SAME ledger. In the past, each company uses their own software and they don't all talk to each other. Say they recall this ingredient. Instead of trying to track down each phase of the growing/manufacturing/distribution process and who may have "tainted" this ingredient, using blockchain ledger technology, you can find out on your own almost instantly, without contacting all the different companies involved. The blockchain ledger contains every instance. This is why it will be a massive and transformational approach to supply chain management. Private or "permissioned" blockchains can be created within a company's four walls or between trusted partners and centrally administered while retaining control over who has access to information on the network. Blockchain can also be used between business partners, such as a cloud vendor, a financial services provider and its clients. siliconinvestor.com