20 Industries Blockchain Technology Will Disrupt

Page 16 of 20

5. Retail

Blockchain has many applications in the retail industry. For one, it could allow buyers and sellers to execute transactions directly, without going through a bank. For another, it could offer the consumer or retailer the possibility to trace a product’s path, as well as the path of each component, which could improve the quality of products. For example, International Business Machines Corp. (NYSE:IBM) has teamed up with Walmart Inc (NYSE:WMT), Nestle, Tyson Foods, Inc. (NYSE:TSN), Unilever and other food suppliers and retailers to develop a blockchain-based platform for tracking food supply chain in order to improve food safety.

Worst Fake ID States to Avoid

Rawpixel.com/Shutterstock.com

Page 16 of 20