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Blockchain transactions make trades indisputable and guarantee information payload integrity. Counterfeiting risk is thus mitigated and final consumers are able to verify in each moment all product characteristics (e.g. provenance, material and components specifications, etc.).
As blockchain redefines contract instruments and negotiation processes, it could streamline authenticity verification mechanisms for supply chain actors. Possible impact could be registered on trade instruments such as Incoterms, custom declaration of goods and international trade registries.
Beyond enabling trade processes and facilitate funds transfer, blockchain programmability and smart contract logic could empower traditional loyalty programs with smart incentive mechanisms, leveraging both user experience and brand equity.
Via tracking and proof of authenticity mechanisms, blockchain allows customer to understand and discover the story behind a product. Moreover, frictionless payment and mobile services could enrich in-store purchasing experience.
Blockchain payments streamline Person to Merchants transactions, allowing both customers and retailers to benefit from cost-cutting payments technologies and enhancing trusted relationships between both parties.
Property: a Blockchain accelerator manages the change of property ownership, in other words the transfer of ownership of any digital or physical asset (e.g. vehicles, equity, houses, etc.). Through the registration of a transaction in the Blockchain register, the identity of the seller and the buyer, the unique identifier of the asset and the time stamp associated with the transaction are guaranteed and cannot be modified.
Ticketing: ticketing and couponing systems are highly complex. Furthermore, the risk of distributing counterfeit tickets is a major problem even for the more advanced and modern systems. Through the use of a web platform that exploits the specific features of Blockchain technology, it’s possible to create a secure and interoperable couponing/ticketing solution that still ensures the best possible end user experience.
SCM (Supply Chain Management): by relying on a shared information layer, parties acting in a supply chain ecosystem are able to achieve full item tracking, advanced proof of authenticity, and interoperable provision of after sales services.
Digital asset & Risk Management: decentralized information layers enable interoperable management for trading and post trading activities, which are typically related to financial assets lifecycle. In particular, Smart Bond maps a meaningful scenario in terms of process automation and dematerialization opportunities.
Consumers today want more transparency about where and how a product came to be. Bchain to digitally track the movement of pork in China on a blockchain, also known as a distributed ledger.
UK company Marine Transport International (MTI) is deploying the world’s first public Blockchain solution in the global shipping industry.
With the blockchain, Wal-Mart will be able to obtain crucial data from a single receipt, including suppliers, details on how and where food was grown and who inspected it. The database extends information from the pallet to the individual package.