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RE: Exploring the Potential Uses and Implications of Cryptocurrency Across Various Industries

in LeoFinancelast year

Supply chain is one that I'm surprised hasn't taken off more than it has. There's a chain called Waltonchain that intrigues me. The idea is to attach little RFID (radio frequency ID) tags/stickers to items. Apparently they're very cheap, like 5 cents USD. Then as a product moves along a supply chain, they are automatically scanned in. No need to physically scan bar codes. Seems it might have changed since last I looked at it though.
!LUV

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Yes Supply chain management is a promising area for blockchain technology. Projects like Waltonchain, which uses RFID tags and blockchain for automatic scanning, improves traceability and transparency in the supply chain, making it more efficient. Adoption of blockchain technology in supply chain management is still evolving but it has a lot of potential to bring benefits to the industry.