Supply Chain Digital Magazine July 2024 | Page 43

BLOCKCHAIN
TOP 10

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BLOCKCHAIN

TOP COMPANIES : ETHEREUM , IBM BLOCKCHAIN , CARDANO , RIPPLE , AVALANCHE
distributed database that maintains a continuously growing list of ordered records , also known as blocks , blockchain ensures secure , transparent and tamperproof transactions and records . As a result , this enhances trust among stakeholders and streamlines processes like procurement , contract management and payments . Further benefits brought to the table by this technology include transparency and security , the significant potential for industry transformation and increasing adoption in supply chain applications . Harvard Business Review says blockchain can greatly improve supply chains by enabling faster and more cost-efficient delivery of products , enhancing products traceability , improving coordination between partners and aiding access to financing . supplychaindigital . com 43