The Rise of Blockchain Technology in Businesses

A blockchain is a digitally distributed and decentralized ledger of all transactions across a peer-to-peer network. Using this technology, transaction participants can confirm transactions without a need for a central clearing authority, making the technology a legitimate disruptor for fields like contracts, financing, and supply chain. Benefits of blockchain technology include immutability, efficiencies, and decentralization. This project poster studied how blockchain technology influences supply chain, logistics, and supply chain finance through case studies. Particularly, this project examined Walmart\u27s 2016 pork pilot program launch, the Haikou and Sanya Port hub in China, and the We Chain financing system in Tencent company