Blockchain technology is a powerful, versatile tool, and it’s irrevocably changing how supply chains are managed, says Savi Technology.

This infographic, courtesy of Savi Technology, explains how blockchain links offer immutable, trackable parcels of data that can include “smart contracts”, instructions such as other transactions that will be triggered to perform automatically later. The permanence of each link in the chain ensure that there’s no confusion over what is traveling where, and the integrity of the chain makes it impossible for any subtle hacking to mess with the information.

Blockchain infographic

Click on the image to enlarge

Banking Technology Awards 2017 are now open for entry!

Know any innovative products, inspirational projects, skilled teams or visionary leaders that deserve a special recognition this year? Nominate them for a Banking Technology Award!

Deadline for submitting the nominations is 25 August 2017.