So, you are saying sharing data through supply chain is difficult. It is difficult because data cannot be tracked in an accurate, reliable, secure way and there is corruption involved. And lastly, blockchain is the only solution to these.
How will blockchain help in tracking shipments in an accurate, reliable and secure manner and most importantly, how does it stop corruption? If possible, how about using an example for clarity? Let's say Apple shipping a new MBP from China to a customer in US. How does blockchain work in ensuring all the above features?
> How will blockchain help in tracking shipments in an accurate, reliable and secure manner and most importantly, how does it stop corruption?
We already had double entry accounting in order to establish immutable book entries but that gives us a problem of a potential multiple sets of books. The publishing of these records to the blockchain via PoW therefore establishes a sort of triple entry system where the Proof of Work idea is intending to prove a single unmodified ledger.
I work IT for a retail manufacturer. We have to track ingredients for every product we create and what products they each go into and to which customers they ship out to. I'd say it's reasonable that we trust our own database but do you? Is it reasonable for you to trust my database? What if there's a huge recall because of a tainted ingredient? What if I found out I'd lose my job or the company would fold because of this recall and maybe I was lied to and told the tainted ingredient is harmless(Im no food scientist)? I think we have enough evidence to show that companies will sometimes alter books and lie to avoid responsibility but not me no, I'd NEVER do such a thing, i'm a good boy who would never get fired for doing such a thing but maybe that's what would get me fired....fuck what do I do? Oh you meant data corruption....yea no one has double spent yet have they?
How will blockchain help in tracking shipments in an accurate, reliable and secure manner and most importantly, how does it stop corruption? If possible, how about using an example for clarity? Let's say Apple shipping a new MBP from China to a customer in US. How does blockchain work in ensuring all the above features?