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Blockchain and the supply chain conundrum

Blockchain and the supply chain conundrum Blockchain, the verifiable ledger technology, has had an immediate impact on how funds are transferred peer-to-peer, and banks and related financial institutions are investigating how the technology can be introduced more widely to speed-up operations and cut back-office costs. However, banks are not the only interested parties: any industry that is involved with supply chains is also looking at how their own networks could be impacted by blockchain. Impact Blockchain will transform many different...

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Blockchain and supply chain: how they work

Blockchain and supply chain: how they work Integrating blockchain into business brings about many positive aspects. The uneditable and transparent nature of blockchain can only mean greater trust between businesses, and this is just as true in supply chain networks. In addition, unlike bolting on yet another piece of software to an existing infrastructure (thereby increasing the chance of fragmenting it) by its very nature blockchain brings together and synchronises data, producing the opposite effect. So what would plugging blockchain...

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Tokens and telecoms blockchain’s communication revolution

Tokens and telecoms blockchain’s communication revolution Tokens and telecoms: blockchain’s communication revolution Blockchain is probably viewed as primarily a technology which will impact financial services, either through the use of distributed transaction ledgers, or even through widespread currency disruption via cryptocurrencies, but there are applications which may see blockchain bringing disruptions to many industries. These disruptions do not exclude telecommunication, especially the telecommunication technology surrounding the multitude of devices each individual has, and their ability to use those at home...

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How blockchain can build trust in the digital economy

How blockchain can build trust in the digital economy While blockchain is, at the moment, mainly associated in people’s minds with cryptocurrencies, its open technology brings further possibilities in a number of other areas. In particular, it allows organisations and individuals to carry out secure transactions directly with one another. What makes blockchain so good at this is the fact that transactions are chained to each other and this guarantees integrity by making them hard to tamper with. This makes...

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Could blockchain transform the supply chain?

Could blockchain transform the supply chain? Blockchain was developed as a means of creating and recording bitcoins, the digital currency that exists only in cyberspace. As a digital ledger that is almost impossible to hack, or alter, the technology is perfectly suited to supply chains, where every step of a consignment’s route can be followed and tracked by a variety of interested parties, none of whom can alter or corrupt the data. The blockchain technology allows proof of ownership, and...

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