Blockchain System to be Used For Delivery in the Retail Industry
Blockchain technology is gradually growing but yet to revolutionize the retail industry. The good news is that it has at least started imprinting its picture amongst retailers. Wholesalers and retailer have begun embracing the advancements of blockchain technology and applying the same in their retail operations. Supply chain: Blockchain technology has potential to streamline the supply chain process of retailers which is done by shipment tracking at every stage giving you up-to-the-minute information on location, date, time, delivery person, the condition of the product and so on. This will enable the retailer to monitor products’ shipment and also help find the lost shipments if any. Blockchain-based exchanges will create a platform for distributors to buy or sell from one another as it will have one shared ledger, the blockchain network. Customer Profiling: To understand the purchasing patterns of your customers, gaining data through one-on-one surveys can be difficu...