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Blockchain and Beyond

Tag: Supply Chain

Blockchain in Supply Chain for Better Traceability, Transparency, and Trade Ability

Supply chain traceability is among the top use cases for Blockchain. Substituting the conventional methods with distributed ledger could boost U.S GDP by 5% and trade size by 15%.  Blockchain gives the capability of tracking any physical or digital product during its lifecycle. It has the competence to increase ethical and sustainable production, as well as the consumption of any product globally. Nearly every business utilizes third-party producers or multiple products from various merchants before building and marking the production of products.…