Blockchain

Blockchain applications go beyond cryptocurrencies and bring new opportunities for digital transformation. With a decentralized network, immutable recordkeeping, smart contracts, transparency, and traceability, blockchain is enabling creative applications for enterprises across industries. Following are some innovative applications of blockchain across industries:

• Supply chain management: Across industries, blockchain can enhance transparency and traceability in supply chains. Enterprises can record every transaction and movement of goods on a blockchain, providing a secure and immutable ledger that can be helpful in verifying product authenticity, reducing fraud, and optimizing supply chain processes. This is an extremely important application of blockchain that can improve consumer confidence while shopping anything from high-value goods such as fashion to produce.
• B2B smart contracts: Smart contracts, self-executing contracts with the terms of the agreement...