Many well -known companies have been using the blockchain to optimize their supply chain and ask partners to do this, because new technologies can save them billions of dollars, simplify work flow, eliminate errors and inaccurate, and improve them, and improve them. Customer confidence. thehourbitcoin.com recallcoin.com In any supply chain, stakeholders deal with countless interdependence and scattered parties around the world, and they must exchange accurate information in time. In this article, we will introduce how to implement blockchain technology in the supply chain.

 

What is a blockchain?

The blockchain is regarded as a permanent, irreversible distributed ledger to record all valuable transactions. The uniqueness of the blockchain and other data storage technology is that it lacks centralization. No individual or entity can fully control the blockchain, but is managed by nodes. Each node involved in the transaction can access the classification account across multiple machines, whether as a direct participant or a verified person. This allows decentralization and cross -network sharing control to instill trust into the trading ecosystem. All transactions attached to the blockchain are first verified by members (also known as miners). This method is very unique and can be deleted from the transaction. Theoretically, while reducing costs to the maximum extent, it creates efficient and effective commodity and service transfer.