Quote from: yodomaster on June 27, 2018, 10:37:19 AM

How does the blockchain technology apply to the real world service? If I would like to have a blockchain technology on a supply chain service, which means under this technology, each block contains all the logistics information like storing a transaction from Singapore to Hong Kong right? So then it is just act like a database but just public can view it? then why should I necessary to develop such a service on blockchain but not continue using centralized database technology, only allow permission for beneficial stakeholders?

Please correct me as I am having a very messy concept on this topic right now.... Thank you~!

A major problem these people face is that they have to trust a 3rd party(Centralized). When it comes to huge supply chains, this 3rd party takes too much time and paper work. Also there are cases where the 3rd party tends to have a biased decision making.

Blockchain need not be used in 'all' supply chains, But where there are a lot of stakeholders and the concept of 3rd party creates a trust issue. Blockchain can help in making the database tamperproof and keeps a copy on all the nodes

Cheers

servntire_techie

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