Re: [For hire Blockchain dev]Product Design and Blockchain Development - TheBlockBox
Supply chains are everywhere. Every major and minor business relies on these supply chains to get accurate data about the raw or finished products they receive. Todays supply chains include a tremendous amount of paperwork, which is both time-consuming and costly. In addition to that, ease of tampering with data in the current system results in counterfeit products getting into the chain of original products.
According to a WHO report, $75 billion worth of counterfeit medical products were sold in 2010 alone. And the same goes for every industry.
With the advent of blockchain, theres hope still left. Blockchain is a digital distributed ledger system wherein the data once entered and approved cannot be tampered with. When coupled with smart contracts, blockchains can save time and cost by automating major supply chain processes. Hence, ensuring a more efficient supply chain system that is immutable.
According to a WHO report, $75 billion worth of counterfeit medical products were sold in 2010 alone. And the same goes for every industry.
With the advent of blockchain, theres hope still left. Blockchain is a digital distributed ledger system wherein the data once entered and approved cannot be tampered with. When coupled with smart contracts, blockchains can save time and cost by automating major supply chain processes. Hence, ensuring a more efficient supply chain system that is immutable.