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Amazon Seeks to Use Blockchain Tech for Supply Chain Trust

from PYMNTS.com

Amazon Seeks to Use Blockchain Tech for Supply Chain Trust PYMNTS.com Amazon Technologies Inc. is seeking to create supply chain trust with “verifiable tracking of an item through a supply chain using a distributed electronic ledger,” FreightWaves reported. The company wrote in its United States patent application that it can be challenging, if not impossible, to ascertain the trustworthiness of a party as activities move online and internationally. It noted, “Trust is earned. Once trust is lost, it can often be difficult to regain.” READ MORE

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