Blockchain Technology Adds Transparency, Traceability and Security

Although most often associated with financial transactions, blockchain and other distributed ledger technologies also offer capabilities to support business operations—including the complex data sharing requirements of the supply chain.

According to one analysis, banking may lead blockchain adoption, but it is closely followed by telecommunications, media and entertainment, manufacturing, health care and life sciences, retail and consumer goods and government.

Some people assume that money is always involved with blockchain functions, but some of the first commercial use cases of the technology were related to certification of…

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