The Importance of Stablecoins in the Supply Chain

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The Importance of Stablecoins in the Supply Chain

Post by howlermunkey » Tue Jun 19, 2018 9:01 am

Distributed ledger technology and blockchain are poised to revolutionize many industries. Everyone is waiting for that “first killer app” in the blockchain space — an area where the strength of a distributed immutable ledger will fill an immediate need. A natural fit would seem to be the supply chain.

The supply chain is the process in which goods are manufactured and moved both overseas and domestically from maker to buyer. Currently, each manufacturer, wholesaler, and retailer works within their own systems, with their data squarely locked in their internal database.

Any time something goes amiss — such as a late shipment, canceled order, or chargeback — the individual party has to sift through their system data and try to correlate this with any acknowledgments or paper trails they can find from their trading partners — an inefficient and inaccurate process. ... ply-chain/

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