Foundations of Blockchain

Pain points in a supply chain

Every product on the market has to go through several entities before it can be consumed by the end user. However, due to the lack of efficient mechanisms to track provenance, there have always been a number of concerns regarding the supply chain. Such concerns can fall under the following examples:

• End users are often misinformed about the origin of the product, and in many cases are defrauded by being supplied a sub-optimal product. Any information about the product could also be falsified by any of the entities in the supply chain, intentionally or unintentionally.
• Lower-end supply chain entities, such as suppliers and manufacturers, are exploited by the big box retailers.
• The existing process makes the supply ...