Blockchain improves the integrity of supply chains by providing companies and consumers with transparent and secured data.
The Covid-19 crisis has rattled supply chains around the globe and created serious questions about the future of commerce. Critical to recovery and restoring economic activity is regaining trust in these systems. This challenge presents an opportunity for the integration of blockchain, a technology with the potential to fundamentally alter the future of supply chains.
Though digitisation has driven transaction costs down significantly, most business domains still operate in silos, creating accounting discrepancies that need to be aligned.
The need to process transactions quickly and verify the creation, transmission and reception of a p
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