Blockchain

Blockchain, being the talk of the digital era, serves as a public ledger that records digital currency transactions. The technology of blockchain also comprises of splendid features like consensus mechanism, immutable data, tamper-proof, transparent, and decentralized system. The supply chain is one of the integrated systems of every product industry. Change that is made to supply chain management will make the entire world of consumers into a better version! So, let's talk about the potential changes that can be brought while implementing blockchain in supply chain logistics. In simpler terms, let us get a keen knowledge of blockchain and its use cases on supply chain logistics! What is Blockchain? Blockchain in supply chain Logistics Blockchain is a digital, decentralized database that records transactions in chronological order. The data block once added to the blockchain database, can never be altered or deleted. It's a high wall th...

Crypto payment app development - What does it do? How does it reduce our work? Is fiat payment solution still a better one compared to crypto transactions? Are these questions bugging you lately? So, to answer these, here you go with the benefits first. Cross-border crypto payment solutions have the following benefits. cross-border crypto payment solutions Instant transfer of funds There is no intermediate that moderates the payments or maintains the ledger. Hence the time taken to transfer the fund is just a few seconds. Border or language is no barrier for funds transfer. Low transaction cost The charge you pay for transferring fiat across the borders could be up to 10% of the amount transferred. However, to exchange or to even make cross-border crypto payment , this is the best solution. It charges a maximum of 1% per transaction. No chargeback fraud Once an amount is sent to a person, it can not be reversed. The whole of the ...

Rewind a decade or two? Have you ever thought of having a barcode strip in your daily life products for easy tracking or billing of products in the provision stores? But, today’s life barcode strips made everything simple in your grocery stores. Integrating Blockchain in supply chain management is a similar stepping stone of incorporating transparency, decentralization in your day-to-day consumer products. To grab a crystal clear idea on the supply chain and implementing blockchain to manage them, let’s glide through these concepts in detail! What is a Supply Chain? A supply chain is a flow of products right from the raw materials to finished consumer products. Tracing the entire supply chain by integrating various industries is hectic. For example, if you are into the industry of agro products, you must manage the raw materials, chemicals like pesticides , fertilizers, water, and the allied consumer products like oil, veggies, the waste materials after c...

Introduction Blockchain technology is proliferating rapidly from the day it has been introduced. The application of blockchain in supply chain & logistics sector is becoming a trendy approach. Blockchain technology is entering a dynamic phase of development that will have a huge impact on every aspect of the supply chain and logistics management, ranging from procurement to forward logistics and further. What is blockchain by the way? Blockchain is a distributed ledger of economic transactions that is incorruptible and can be designed to record every value virtually besides financial transactions. In simple terms, blockchain is a time-stamped series of immutable data set, controlled by a grid of computers and not claimed/owned by any single entity. Each of the data blocks is safeguarded and linked to each other through cryptographic hashes. What is Supply Chain & Supply Chain Management? The chain between producers and consumers or manuf...