Today, blockchain technology opens up a wide range of opportunities for companies to sustainably secure competitive advantages and fundamentally improve business processes. With its ability to provide decentralised, transparent and immutable data structures, it supports decision-makers in increasing efficiency, security and trust in increasingly complex business environments. This article highlights practical examples and concrete ideas that companies from various sectors can use to utilise blockchain technology in a targeted manner.
Blockchain technology: transparency as a success factor
The transparent nature of blockchain technology helps companies to map their business processes in a traceable and tamper-proof manner. A key area of application is in the supply chain: food manufacturers, for example, use blockchain to document every step from cultivation to sale. Customers can use QR codes to view the origin of their products at any time, giving them greater confidence in their quality and sustainability.
Similar advantages can be seen in mechanical engineering. Here, components are recorded on the blockchain, enabling seamless traceability. Faulty components can thus be quickly identified and affected
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