The Future of Blockchain and Manufacturing and Distribution Companies
Blockchain is essentially a decentralized ledger where two parties can exchange value with no intermediary. The pillars of blockchain, Ahluwalia continued, are consensus, state consistency, almost immediacy, and immutability—in other words, data does not go through a central source and, once entered, is quickly available to everyone on the chain but cannot be altered. With blockchain technology, manufacturers and distributors can track every step of a product’s journey from source to consumer and trust that the information is true and current.