Why is Blockchain important in supply chain management?

Published in

GreenLink

2 min readJul 30, 2018

Blockchain technology can be leveraged to decentralize trust in supply chains and bring measurable benefits and transparency of data across the public and private sectors, while at the same time encourage consumer participation in the supply chain. The distributed database holds records of digital certifications or events in a way that makes them tamper-resistant. While many users may access, inspect, or add to the data, they can’t change or delete it.

The original information stays put, leaving a permanent and public information trail of transactions for anyone around the world to verify.

How does GreenLink leverage on this?

By leveraging on the blockchain, GreenLink aims to provide transparency throughout the supply chain by forming a backbone on which applications can be layered on, such as through the proof-of-certificate application, which allows consumers to partake in a new form of product verification process and enable businesses to be digitally certified on our platform.

With the GreenLink Protocol, businesses not only meet regulatory requirements to minimize their social and environmental impact, but must do so in the public eye.

By documenting the product’s journey across the supply chain, it reveals the true origin which increases trust and eliminate any bias-ness found in today’s supply chains.

The GreenLink Protocol will be built on Ethereum, with a native token, IMPACT — an ERC20 Ethereum token standard.

The Impact tokens (IMPACT) underpin the GreenLink Protocol functions, where these tokens are utilized for all economic transactions within the decentralized ecosystem!

If you liked this article, give it a bundle of “clap” to help people discover it!

For the full white paper and credits, please click here.