Unleashing the Power of Blockchain in Retail Supply Chain

Unleashing the Power of Blockchain in Retail Supply Chain

Mckinsey states Blockchain to be a ‘distributed ledger or database, shared across a public or private computing network’. Here, each node in the network has a copy of the ledger or database. In such a network, a new piece of information is encrypted and added as a block after validating certain security protocols with the existing participants in the network.