3. Blockchain
• Blockchain, is a growing list of records, called blocks, which are linked using
cryptography (Bitcoin example)
• Each block contains a cryptographic of previous block, timestamp, and
transaction data
Key use case – who owned the asset and when?
• It is an ‘open, distributed ledger that can record transactions between two
parties efficiently and in a verifiable and permanent way
4. Benefits of blockchain
• Decentralization
• Immutability – no body can change
• Provenance – ownership of asset
• Security
5. Blockchain in the supply chain paradigm
• Multiple stakeholders on the same platform
Vendor raises invoice on blockchain > Corporate approves it with their private
key > Banks can consume it to fund
• Proof of authority
• No need for APIs
