One of the greatest problems faced by companies with complex supply chains is a lack of transparency, which can make it difficult to pinpoint issues. This is an area where blockchain technology can shine because of the way that transactions are recorded and tracked, making it possible to monitor events in real-time and see what’s happening every step of the way.
Up Next in Blockchain
Four areas where blockchain technology aligns well with the Internet of Things: (1) supply-chain management; (2) devices that sell capacity or other services to other devices; (3) devices that sell sharing-economy services to humans; and (4) devices that sell or share data with other devices or third parties.
The Internet of Things and Blockchain Technology
In the latest example of a public agency considering blockchain technology as a mechanism for cataloging changes in land ownership, the UK's national land registry is looking to test blockchain for improving the speed and efficiency by which land titles change hands.
UK Land Registry Plans to Test Blockchain in Digital Push
HM Land Registry has revealed it is looking to test blockchain as part of a digitization effort called 'Digital Street'.