11 Benefits of Blockchain in Retail – [for 2020] MUST WATCH

11 Benefits of Blockchain in Retail – [for 2020] MUST WATCH

In this video, we share the benefits of blockchain in retail, fashion, beauty and consumer businesses.

The benefits include:
1. Transparency in supply chain
2. Counterfeit prevention
3. Reduce product recalls
4. Consumers in control of their data
5. Ensuring product delivery
6. Cross-border payments
7. Product warranties
8. Smart contracts
9. No hidden fees
10. Digital and In-store integrations
11. Managing digital retail coupons

A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, a blockchain is resistant to modification of the data.

By implementing blockchain technology in your retail business, you can reap great rewards.

Other videos:

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