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Blockchain Retail Supply Chain

Blockchain Retail Supply Chain

by | Oct 30 |

Whilst blockchain technology provides extensive benefits in the retail supply chain, the combined effect of distributed ledgers and complimentary applications like RFID and IoT, explodes the scale of opportunities beyond our immediate comprehension.

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Retail Blockchain Solutions

Retail Solutions is the home of blockchain solutions for the retail industry.

Blockchain technology was designed for digital transactions in a secure, transparent network of immutable ledgers. There are many companies using blockchain technology in creative ways to disrupt Retail.

We support retailers to identify real-world applications to solve their everyday problems utilising blockchain technology. We do this in two-ways, by providing advice and consultation on retail blockchain projects and through a comprehensive retail blockchain resource for Retailers.

Blockchain applications in a retail environment will deliver 4 main benefits; Reduced Costs, Faster Payments, Increased Transparency and Improved Security.

What is Blockchain?

A blockchain is a database that is shared across a network of computers (distributed ledger). Once a record has been validated, it’s added to the block (ledger), after which it cannot be changed. To ensure all the copies of the database are the same, the network nodes make constant checks to ensure they have the latest version of the blockchain.

Blockchain emphasis is placed on decentralised peer-to-peer transactions and are therefore not controlled by a single centralised entity. The database is completely transparent and retains a historic record of all transaction data. Blockchains are however secured by complex cryptography rules and are only accessed by public and private keys.

Blockchains have been used to underpin cryptocurrencies like Bitcoin but the technology far exceeds this original intention.

Retail Blockchain Advisor

Retail Solutions founder Mark Taylor, has extensive experience in Retail & eCommerce. His Retail Blockchain experience is more recent and what started as a mild curiosity is now a passion. As a Retail Blockchain Advisor, he is helping retail companies to explore blockchain technology in Retail. So if you are looking to reduce costs, see faster payments, increased transpareny and improved security, get in touch.

About Mark Taylor · Retail Blockchain Advisor

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