押注区块链, Place Your Blockchain Bets

Forget Bitcoin, Place Your Blockchain Bets

Paul Martyn 

, 

CONTRIBUTOR

I write about the supply chain industry.

Bitcoin is overhyped. If you read my piece from earlier this spring –Spare the Bitcoin Spoil the Blockchain – you know I won’t be making any speculative bets on the crypto market. But what about blockchain, the distributed database and ledger system that powers bitcoin?

The visibility created by blockchain —the ability for members to collectively track an asset on a distributed ledger— expedites decision making and reduces supply chain disputes. Today, when something goes wrong, there’s a blame game. Everyone ends up pointing fingers, legal battles ensue, “…and it ends up costing more in time and money than the actual shipment was worth,” said Kirchner. “With blockchain, there’s no need to point fingers or invest in lengthy investigations. Everyone can see who is at responsible, and when and where the breakdown occurred. It’s all there.”