Of course, just because it’s on the blockchain doesn’t mean there won’t be attempts to circumvent the system, but the TrustChain has a mechanism for participants to check the validity of each transaction, each step of the way. “If there is a dispute, instead of calling and following back through the process in a more manual way, you can click on a trusted chain, and you’re able to see what happened immediately. That reduces the number of steps in the process, and speeds up what has been a paper-laden and manual effort,” Kelley explained.
IBM introduces a blockchain to verify the jewelry supply chain
Every time I talk to someone about the viability of blockchain, I get challenged to show a real project beyond the obvious bitcoin use case. IBM has been working to build large enterprise projects blockchain and today they offered an irrefutable example that they have dubbed TrustChain, a blockchai…
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