Transforming retail by applying shared ledger technology such as blockchain
Courtesy of:
www.RSIretailsolutionsasia.com
reterms https://gust.com/companies/reterms
Unpublished Whitepaper
Unpublished GS1 Pivot
Blockchain Use Cases are Evolving Quickly in Modern Retail
initial focus is on food safety, logistics and direct to consumer
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What is the internet
Similar to the internet in the mid 90's, to fully understand the capabilities of blockchain requires time. Imagine what people thought of the internet 20 years ago and the strange looks they received when trying to explain it.
Bitcoin vs. Blockchain
Although related, don't confuse bitcoin for blockchain. Bitcoin is one use of the blockchain technology.
Disrupting the Middleman
In a extremely competitive retail landscape, traditional bricks and mortar organisations need to drive efficiency, streamline legacy systems and disrupt the middleman enabling retailers to invest in price, promotions and rewards which benefits the end consumer.
What is Blockchain
It is a system of record or ledger, shared privately among counterparties, eliminating the need to reconcile disparate ledgers. It is secure in that consensus is required from all participants and all validated transactions are permanently recorded
Banks are embracing Blockchain
Blockchain explained how it works and what makes is special. Streamlining the way business is conducted bringing bureaucracy into the 21st century
What are Smart Contracts
Self-executing contracts with the terms of the agreement directly written into lines of code. The code and the agreements exist across a distributed, decentralized blockchain network. They render transactions traceable, transparent, and irreversible
What is Hyperledger
An open-source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply chain, manufacturing and technology.
Walmart - Another Case Study
Walmart is heavily engaged in blockchain to improve food safety working with IBM