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BlockChain supports many numbers of applications in the market. The most Popular Cryptocurrency across globe like BitCoin and Ethereum are the best Example of block chain technology. Block chain Technology based application are quite Mainly used for Business transaction in various Industries.
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Blockchain is mainly built for the company and are operated by the company. Here the owner of the blockchain is an enterprise which can override/delete commands on a blockchain if needed. That’s why in its true sense it is not decentralized and hence can just be called a distributed ledger or database with cryptography to secure it.
Blockchain Technology can be merged into supply chain Management which makes business process more transparent and easier.Every Blockchain holds a set of transaction Entered in a ledger.Cryptocurrency using blocking chain technology will make the most reliable way to manage in and out of the transaction.
The supply chain is the process involved from the inception of producing goods to delivering it to the end customer. Blockchain can be integrated in the Supply chain process to make it easier and transparent. Each Blockchain contains a set of transactions entered in the distributed public ledger.
Blockchain Technology can be merged into supply chain Management which makes business process more transparent and easier .Every Block chain holds a set of transaction Entered in ledger .Cryptocurrency using blocking chain technology will make the most reliable way to manage in and out of transaction.