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Bitcoin and blockchain technology behind bitcoin is being widely accepted by many industries as a platform to enhance the existing model of operations in various internal and external functions of a company. The benefits of blockchain technology are transformational leading to businesses saving more time, money, and effort from all the fronts. Big companies are already undergoing pilot deployment of supply chain management systems powered by blockchain. Starbucks is set to use a distributed ledger technology system powered by Azure Blockchain Service to gain “digital time traceability” concerning its supply chains.