Blockchain is transforming the supply chain from farm owners in Africa to buyers of diamond rings. It gives small businesses the ability to keep a record of their transactions giving them access to credit, whereas larger corporations, such as Shell, can use this technology to manage invoicing and scheduling.
The use of this technology allows both businesses and consumers to learn more about the sustainability and ethics of their purchases.
This is where technology comes in, and BanQu, Mr Gadnis’s software company, is using blockchain to tackle the problems faced by people working in countries that suffer from a high level of poverty.
www.ft.com/...