All posts tagged Blockchain
The COVID-19 pandemic has had a dramatic effect on global trade, disrupting industries, economies, and supply chains. Prolonged lockdown periods caused a supply and demand shock. Governments, businesses, and individual consumers struggled to procure basic products and materials. Most of them were forced to confront the fragility of the modern supply chain to achieve better supply chain resilience.
Reading time: 3 minutes. Photo by Brett Jordan on Unsplash
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The tokenization of assets is creating a new economy by reshaping financial markets through the inherent qualities of DLTs. Asset tokenization is creating a new financial market that is more democratic, efficient, and global.
Reading time: 5 minutes, Photo by Donny Jiang on Unsplash
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Globalization – and now the COVID-19 pandemic – created new barriers to doing business but also presented new opportunities for the increased adoption of blockchain technology. And more specifically – smart contracts.
Examining the current Regulatory Framework For Smart Contracts and opening a debate for potential improvement in the existing regulatory framework for smart contracts is the objective of this article.
Reading time: 5 minutes, Photo by Tingey Injury Law Firm on Unsplash
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Smart contracts and tokens for supply chain automation are of paramount importance.
Tokens are digital entities that may be used as a digital representation of physical assets (ingredients, subproducts, etc.) and information. Furthermore, with tokenization, suppliers reap the ultimate benefits of blockchain assets. Tokenization forbids duplication, making it non-fraudulent and ensuring accurate tracking and proof of ownership in a transaction. And not just these.
Reading time: 4 minutes,Photo by Arisa Chattasa on Unsplash
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How can smart contracts and tokens support your fidelization strategy? How can you enable customer loyalty in the physical world? How your company benefits from utilizing them?
Tokens can provide valuable data to help retailers better understand their customers, becoming a key to a more effective ad-targeting, and, ultimately, to a growth in sales.
Reading time: 4 minutes, Photo by Nathan Lemon on Unsplash
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How procurement is evolving over time and how procurement will evolve to smart procurement in the digital age?
As strategic sourcing becomes more predictive, transactional, data driven procurement is becoming more automated, and supplier relationship management is becoming more proactive. Smart procurement in the digital age need to be integrated through intelligent procurement operations that help companies reduce risk and scale to their growing needs.
Reading time: 4 minutes, Photo by Brett Jordan on Unsplash
