#ContentStar Supply Chain Zen: Ethereum Experts Touts Real World ETH Use Case.
In addition to surging in price on crypto exchanges last month, Ethereum mainnet recently reclaimed dominance over its Layer-2 chains in daily transaction volume, according to data from L2Beat.
Bloomberg crypto analyst Jamie Coutts recently said,The most popular apps on Ethereum are for decentralized finance and trading cryptocurrencies. But that’s not all Ethereum’s hash-powered smart contract platform can do.
Ethereum Powered Supply Chain Management Ethereum expert Paul Brody, the author of “Ethereum for Business,” says blockchain can help optimize and de-risk supply chains. The peer-to-peer network’s programmable, hashed tokens can provide an efficient solution for supply chain management.
Here’s how he says Ethereum can play a role:For example, the peer-to-peer blockchain can efficiently and reliably keep track of order batches for the pharmaceutical industry:Using blockchain, industrial supply chains can improve data quality and efficiency. Ethereum can even support a zero-carbon future with tokenized carbon-reduction caps and trade programs.
Making a Zero Carbon Future a Reality Switching over from the energy-intensive proof-of-work consensus model to proof-of-stake isn’t the only way Ethereum can lower the global carbon footprint. For example, Brody says:Ethereum isn’t the only blockchain smart contract platform with a future in the supply chain.
In 2021, a Georgian artisan winemaker implemented a supply chain traceability and anti-counterfeiting solution using Cardano. Meanwhile, Ethereum competitor Solana’s low fees and high throughput would make it another ideal solution for supply chain management.
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#ContentStar Supply Chain Zen: Ethereum Experts Touts Real World ETH Use Case.
In addition to surging in price on crypto exchanges last month, Ethereum mainnet recently reclaimed dominance over its Layer-2 chains in daily transaction volume, according to data from L2Beat.
Bloomberg crypto analyst Jamie Coutts recently said,The most popular apps on Ethereum are for decentralized finance and trading cryptocurrencies. But that’s not all Ethereum’s hash-powered smart contract platform can do.
Ethereum Powered Supply Chain Management
Ethereum expert Paul Brody, the author of “Ethereum for Business,” says blockchain can help optimize and de-risk supply chains. The peer-to-peer network’s programmable, hashed tokens can provide an efficient solution for supply chain management.
Here’s how he says Ethereum can play a role:For example, the peer-to-peer blockchain can efficiently and reliably keep track of order batches for the pharmaceutical industry:Using blockchain, industrial supply chains can improve data quality and efficiency. Ethereum can even support a zero-carbon future with tokenized carbon-reduction caps and trade programs.
Making a Zero Carbon Future a Reality
Switching over from the energy-intensive proof-of-work consensus model to proof-of-stake isn’t the only way Ethereum can lower the global carbon footprint. For example, Brody says:Ethereum isn’t the only blockchain smart contract platform with a future in the supply chain.
In 2021, a Georgian artisan winemaker implemented a supply chain traceability and anti-counterfeiting solution using Cardano. Meanwhile, Ethereum competitor Solana’s low fees and high throughput would make it another ideal solution for supply chain management.