#Blockchain technology is rapidly transforming the way we think about supply chain management. By leveraging the blockchain’s #distributed #ledger system, supply chain processes can become more transparent, accountable, and efficient.

The blockchain creates an #immutable #ledger of all transactions, which can be easily tracked and verified in real-time. This reduces the risk of fraud and errors, as every transaction can be easily traced back to its source. The use of blockchain technology in supply chain management has many benefits, including increased transparency, enhanced security, and improved efficiency.

With the #ability to track every step of the supply chain, companies can quickly address #potential issues and ensure that products are delivered to customers in a timely and cost-effective manner. It’s no wonder that many companies are beginning to explore the use of blockchain technology in their #supply chain management systems.

#SupplyChainManagement #BlockchainTechnology

World’s leading Diamond and Gold Jewelry Industry Giants form the Consortium called “TrustChain” in collaboration with IBM to put Jewelry Supply chain on IBM’s Blockchain Platform.
For more: https://bit.ly/2u6gpsE

The Blockchain Platform allows for gemstones and precious metals to be digitally verified and checked by a third party ensuring that all the intermediaries and concerned parties of the supply chain are being honest. Mining companies and Jewelry conglomerates have for a long-time kept their own records to prove their goods authenticity and originality were real, but much of it has been held internally and relegated to paper making it difficult to search through. The London Bullion Market Association, which oversees the world’s biggest spot gold market, is also considering using of the digital ledger to trace the origin of metal, to prevent money laundering and to detect conflict minerals.

To summarise, building the trust of a consumer is extremely critical in establishing a trusted relationship of a lifetime where you know for sure that your customers are loyal to your brand or products since your consumers deeply care about the source and quality of the jewellery they invest or purchase. I see a massive potential in IBM’s Blockchain Platform which is the next big wave in the world of the technological revolution which the world will witness.

#Blockchain #IBM #DeBeers #SupplyChainIndustry #Retail #JewelryIndustry #Diamonds #Gold #PreciousMetals #Origin #Source #Mining #BloodDiamond #TrustChain #Tracr #Consortium #assesttraceability #valuechain #Provenance #Trust #Transparency #Assurance #Authenticity #distributedledger #Everledger #Londonbullionmarket

We’ve all heard about Blockchains but how can they be used in the real world? How can we apply them? What problems can they solve?

Well, in this video I’ll give you 9 examples of use cases. Let’s go!

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Gilded CEO Ashraf Rizvi explains the value of moving physical gold, one of the world’s oldest and most reliable stores of value, to the blockchain.

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