Blockchain
By James Thorp
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Ethereum (ETH) To Change the World of Supply Chains
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The big thing happening on the Ethereum Network is the transition to the Proof of Stakes protocol. This is happening because PoS has lot more benefits than PoW.
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The transit to PoS started with the successful implementation of the Constantinople fork which was upgraded with 5 EIP (Ethereum Improvement Proposals).
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POS is preferred over PoW because it offers more speed, energy, scalability and efficiency. PoS will contribute in a great way to improve enterprise and consumer adoption…
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More than being better money, Ethereum is about being an efficient contract and decentralized apps (dApps). They specialize on pre-programmed contracts.
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The supply chain industry is a business process where multiple parties are involved and the traceability is complex, but with the coming of PoS the future of supply chain…
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PoW makes mining not profitable anymore due to the high energy consumption and now PoS is getting introduced to deal with the issue.
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There are inbuilt mechanisms with PoS which makes the 51% attack very unlikely.
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Almost every product in existence has a supply chain. This ranges from supply of foods, prescription drugs, through diamonds.
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Whether it is about identifying the source of contamination, reducing operational costs, or the authenticity of products, there is a lot that can be done with blockchains.
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Several other disruptive technologies like Robotics, 3D printing, AI, IOT and Autonomous vehicles are growing faster than ever; however, Blockchain has not been able to grow…
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There are several industries with overlapping interests. When they all work together that problem that is solved in the supply chain management of one industrial sector will also…
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