How Blockchain Went From Bitcoin To Big Business | Forbes

Big businesses are moving into blockchain in parallel with the decline of the prices of cryptocurrencies.

However, enterprises want permissioned or “invitation only” types of blockchains, instead of permissionless and open to anyone. IN other words, blockchains can be established within different level of privacy and control.

A blockchain benefit that is desired by these companies is how it facilitates proving that something has been moved from one destination from another. The idea is to make supply chains more transparent , which can help identify the source of problems when they arise.

Additionally, blockchains can help to streamline supply lines and reduce middlemen.