The blockchain is already changing today’s world.
The blockchain revolution guarantees to bring a change in the method of transactions which are handled and recorded carefully, entering the market of the leather industry. Everledger is a global startup that uses the best of developing technologies including blockchain, smart contracts and machine in its vision to help in reducing the risk and fraud for banks, insurers, and open marketplaces.
Everledger says that its blockchain platform offers a tool to track the background of goods in order to deliver transparency as well as quality protection. The tool at present is used in a number of industries such as diamonds, colored gemstones as well as the jewelry industry.
Under the project, Everledger and ADS will work together to create a platform where the products will have DNA so that they can track products to help assure authenticity, origin, traceability, sustainability, and quality.
According to Judy Murrah, chief information officer of DNA, the company is expanding the breadth and depth of the platform solution to existing customers and is striving its best to allow the customers to have more transparency and responsibility in their supply chains by tracking and protecting their valuable assets throughout their life journey.
He further added that blockchain is an open-source code that anyone can download and develop. It allows peer-to-peer and business-to-business transactions to be completed without the need for a third party. Comparatively, blockchain technology is working 24 hours a day, seven days a week, which means blockchain-based transactions procedure is significantly more quick, safe and easy.
As news revealed in Leather Mag, though blockchain technology is new and rapidly evolving, it will change the way business is conducted in the years to come. It has a powerful marketing tool that can assist many companies in building trust and by extending good relationships with the users.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]