Too Long; Didn't Read
The supply chain industry has been plagued by ‘isolated data silos’ and ‘untraceable, poorly documented and manipulatable data’ With the introduction of blockchain technology to many industries with ethereum’s smart contract solution in 2015, many teams have been scrambling to develop real world solutions to many industry problems. The current solution is not only a second-rate solution, but is even a dangerous concept to follow. There is no standard, with hundreds of variations of each type of software available. This results in companies spending millions of dollars on integration of their preferred software to the preferred software of a connected supplier, vendor or other party.