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Blockchains: A Better Tool For Supply Chain Management

Law360 (August 8, 2018, 4:10 PM EDT) -- Blockchain technologies are generating a lot of excitement across industries for their potential to reduce transaction times and costs. Although more commonly associated with cryptocurrencies, blockchains can also be implemented to modernize international supply chains, which suffer from voluminous documentary requirements, layers of middlemen and immense regulation. In this article, we review how blockchains work and why potential applications of this technology have generated so much interest in the realm of international trade transactions.

What Is a Blockchain?

A blockchain is a decentralized database whose records...
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