The role of blockchain and location intelligence in the digital supply network
Blockchain is a way to store data in a shared, unalterable ledger that records the history of transactions. When a record is added to the blockchain it is stored in multiple ledgers across many computers in a distributed network system. This increases transparency and visibility among supply chain partners while reducing the risk of corrupted information flow and overall cost of moving items within the supply chain. By incorporating location intelligence in blockchain, you can give geographic context to blockchain transactions to answer, verify, and secure the “where” of a transaction.
Spatially Enabling Blockchain
In this video, follow blockchain transactions for a shipment going from a manufacturing facility out to a distribution center. The GeoBlockchain dashboard tracks and displays transactions, including location and status of the shipment along the way, like average and actual temperatures.
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