The Importance of Stablecoins in the Supply Chain

Distributed ledger technology and blockchain are poised to revolutionize many industries.

The supply chain is the process in which goods are manufactured and moved both overseas and domestically from maker to buyer.

Blockchain brings about the potential to develop and implement a standardized industry-wide supply chain management system.

With an immutable record of every transaction taking place, each party will be privy to the status of products moving through the chain - from manufacturing all the way to the retail customer.

With the entire process recorded on the blockchain and all the actors having access to the same ledger, immutability and automation provide all parties with the information that will guarantee that merchandise moves at optimal speed through the chain.

Companies are looking at different hybrid methods today whereby blockchain will augment their current practices.

The last step needed for blockchain to fully automate and revolutionize the supply chain space is for payment to be tied in.

As cryptocurrency becomes more accepted, many large players in the supply chain are viewing it as an alternative to traditional currencies.

Stably provides the last missing piece of the supply chain/blockchain solution and looks forward to the transformative role StableUSD can play in the near future.

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