Blockchain and decentralized systems can help retailers drive efficiency with supply chain and inventory management. Using blockchain technology can provide retailers with other benefits, including reduced costs, increased transparency, faster transactions and improved security by reducing counterfeiting and fraud. “As more useful and impactful blockchain protocols gain prominence, that will mark the turning point for public awareness,” he said. “Blockchain protocols will exist and function behind the scenes, powering applications people will use every day, with the understanding that these services are made possible by blockchain." Chairman Ewald Hesse said Energy Web is working at high speed and ramping up its activities.

Source: Forbes May 03, 2021 15:00 UTC