BlockChain, Supply Chains, Trust, Honesty... PROFITS!steemCreated with Sketch.

in #investing5 years ago

image.png

Blockchain And Supply Chains...

image.png

Immutability, encryption, decentralization, no borders... Blockchain allows many things, one of those things is Supply Chain on top of the blockchain, tracking from birth to destruction or consumption of a product, tracking that allows one to know if the product we are consuming is a trustworthy and honest product!

image.png

Nowadays, trust is everything, especially in Asian countries where counterfeit still happens a lot! If we, in the west, have issues with counterfeit products, imagine what China has to deal with! Between illegal markets and counterfeit products, China loses millions upon millions of dollars each year just on taxes!

A new study done by Label Insight found that 94% of consumers are inclined to be loyal to a brand that offers complete transparency.

image.png

Transparency creates a brand that allows consumers to be loyal to them! In a world of bad practices, transparency allows one to choose the most ethical product! In a world of child exploration, in a world of chemical spills from mishandlings and poor maintenance, in a world where one big greedy capitalist can ruin a whole ocean, in this world... Transparency, reliability, openness, trust goes a great way to create a brand.

Furthermore, 73% of consumers say they would be willing to pay more for a product from such a brand... so, even those greedy capitalists that would go for profits over ethical practices would profit with increased transparency and honesty.

image.png

This is why one of my favorite blockchains (which I won't name here because I don't like to Chill) is a mainly focused Supply Chain blockchain... Even though it is used for other things such as inheritance.

Supply Chains running on top of blockchains will be a huge thing in the future! Millions upon millions, I would even go so far as saying BIllions of products running day in day out on top of the blockchain, certificates, temperatures, the basic components, etc... Supply chains on top of blockchains will be a really huge thing! And with increased consumer trust comes increased profits! Lots and lots of profits for businesses that adopt blockchain tech for their Supply Chains.

Images Free Source - 1, 2,3,4,5,6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27 - Tradingview snapshots too.

coffeseparator bigger.png

Question of the day: Would you buy a product that increased their transparency and reliability by inputting the whole supply chain on the blockchain and making the whole information public?

coffeseparator bigger.png
Convert your Bitcoin to EUR/USD : Coinbase
Buy all kinds of Cryptocurrency: Binance
Join FreedomEX the first Steem Exchange where you can trade your Steem Tokens!: FreedomEX
Join Steemmonsters, one of the top dapps on blockchain: Stemmonsters
Join DrugWars : DrugWars
coffeseparator bigger.png

Sort:  

This is pretty cool stuff

Thanks! I try my best! And thanks for reading!

This post had received 20.16% upvote from @steemitportugal account!
Vote for @steemitportugal to Witness. Your vote is very important to us!
Visit our WebSite www.steemitportugal.com (tutorials,news...)
Thank you very much.
Click here to vote
steemitportugal
Delegation for daily voting: 10SP-25SP-50SP-100SP-250SP-500SP-1000SP

Hi, @teutonium!

You just got a 0.02% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.

Supply Chains provide an enormous opportunity for the deployment of blockchain but I think that cryptocurrencies are somewhat second nature on that side which is why adoption will be slow as the push towards a global system is currently being challenged with the trade war.

Posted using Partiko iOS

I've been investing into Vechain, out of all the supply chain focused blockchains they seem to be the one leading the adoption with Wallmart China adopting their tech, they even surpassed STEEM daily tx once, and they are being helped by PwC, DNV GL , Deloitte, etc... and they seem to have the mechanisms for token appreciation and are atm doing a token buyback of 25Millions (going to happen every month for a while in order to not pump the price too fast)... but yes, I agree, the trade wars is challeging the adoption of this. But sooner or later the US will stop, Xi has all the time in the world with his whole population suppressed by the regime, while Trump has elections around the corner, and the economy really doesn't need a trade war atm...

And if the US doesn't stop isolating themselves they will lose a lot of power, China is doing their one belt one road thing which will increase the trade between China, Europe and Africa by a lot! While the US is only putting up walls and more walls.

Hi @teutonium!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 3.720 which ranks you at #5482 across all Steem accounts.
Your rank has improved 10 places in the last three days (old rank 5492).

In our last Algorithmic Curation Round, consisting of 154 contributions, your post is ranked at #53.

Evaluation of your UA score:
  • You're on the right track, try to gather more followers.
  • The readers like your work!
  • Good user engagement!

Feel free to join our @steem-ua Discord server

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.039
BTC 70310.43
ETH 3568.34
USDT 1.00
SBD 4.73