3 ms·
I think blockchains still have a lot of value, not as currencies or assets, but as decentralized databases for supply chain tracking. We clearly have a lot of i
by ewzimm 4y ago
I think blockchains still have a lot of value, not as currencies or assets, but as decentralized databases for supply chain tracking. We clearly have a lot of issues with our existing global supply chain, especially tracking the origin of every component that goes into things. Blockchain has a lot of legitimate uses for transparently tracking different components along their journey, from raw materials until they reach customers, and helping with industrial planning as well as proving compliance with regulations.
Planned economies haven't worked. Market economies have some clear inefficiencies and potentials for destabilizations. Applying data transparency and tracking to a market economy using supply chain blockchains has the potential to enable more decentralized planning to build better options.