The business world has seen major shifts in supply chain management as more and more people buy and sell goods over the Internet. While it’s just another ecosystem for retail outfits, other companies that need to source resources from different types of companies from all over the planet have found that global shortages and capital constraints brought on by the COVID-19 pandemic have changed the way they have to do business.
The blockchain is one of the more recent new technologies that businesses have been considering for their offices. Blockchain technology could have been implemented to solve a host of different problems, but the world simply was not ready for it. Is it ready now? Perhaps—let’s take a look at three applications for the blockchain in today’s business world.