From the course: How Blockchains Will Change Business

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True journey: Know where things come from and where they've been

True journey: Know where things come from and where they've been

From the course: How Blockchains Will Change Business

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True journey: Know where things come from and where they've been

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- Today's supply chains are dispersed and diverse and global, and that means it's easy for things to go wrong. Even small problems deep in the supply chain, an incorrect material used by a supplier's supplier can become massive after that material has been molded and welded and rolled down the assembly line of the finished product. Blockchains can help. They can give us radical transparency and make it possible for us to see all kinds of data about a thing as it moves through a tangled supply chain. How? They help us verify the unique identity of each component or organization or person involved in a process. Then this identity and how it interacts with other identities can be tracked through the entire lifetime of a good. We can see the source and track every time it changes hands or crosses a border. And blockchains can even help us track the conditions under which a product travels as it moves through a supply chain.…

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