How does Blockchain help in Supply chain management?
Blockchain is an innovative solution for various business verticals, it has its own characteristics that make it suitable for business application over the internet. The applications of blockchain are infinite, and for retailers, blockchain will be advanced. Blockchain provides a digital peer-to-peer network that facilitates direct transactions among users. Its distributed and immutable characteristics eliminate costly repetition and enable trust, eradicating the need for and cost of a mediator. Public blockchains, such as Bitcoin, are anonymous and open source that can be used by anonymous persons over the internet, while private /permissioned blockchains, might be discovered over a supply chain, as it involves a group of associated stakeholders that have a complete interest in making business collectively. Permissioned blockchains facilitate privacy, security, and scalability and It is being well befitted to the enterprise ecosystem over the secured blockchain. Bloc...