What kind of place does the Block Chain have in the supply chain?
Blockchain technology had taken off, and the supply chain looked for new ways to implement it into business applications outside of cryptocurrency. However, recent events have had some questioning its long-term implementation.
Smart Contracts are under the microscope of blockchain innovators and investors. This tech can trigger automatic transactions without human operations and would likely be a perfect fit for international freight shipments. Maersk and IBM Hyperledger collaborated to create these smart contracts under the name TradeLens, but TradeLens was short-lived. Last week, the news broke that the joint venture had decided to pull the TradeLens blockchain project.
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Robert Mitchnick, BlackRock's digital assets lead, suggests that Bitcoin behaves more like digital gold than a high-risk investment, contrary to popular belief.