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| Bitcoin for businesses | Plus, blockchain-based cryptocurrencies enable supply chain players to pay each other without the need for banks, thus reducing incurred fees and speeding up the payment process. A number of companies are exploring the benefits of leveraging blockchain technology in adjacent areas, such as introducing smart contracts, bringing more rigor to purchase order payments or demand chains where "real demand" signals can propagate the upstream supply chain faster. Automotive Manufacturing Auto manufacturers lose billions annually due to damaged, lost, stolen, and counterfeit car parts. Today, blockchain technology is revolutionizing healthcare , government and even video games. Increasing data accuracy. Read more on Operations and supply chain management or related topics Supply chain management and Technology and analytics. There are blind spots, causing problems for the purchasers, suppliers, and banks involved. |
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