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VeriTx To Improve Aerospace Manufacturing Supply Chain With Algorand's Blockchain Platform
Summary: Decentralized aerospace manufacturing digital marketplace VeriTx Corp has selected blockchain platform Algorand to create an efficient and cost-effective digital supply chain for aircraft parts, according to AMBCrypto. Algorand's proof-of-stake and distributed ledger technologies, as well as its ability to make sure that aircraft parts are authentic, will prevent counterfeit parts from being sold on the ...
Decentralized aerospace manufacturing digital marketplace VeriTx Corp has selected blockchain platform Algorand to create an efficient and cost-effective digital supply chain for aircraft parts, according to AMBCrypto. Algorand's proof-of-stake and distributed ledger technologies, as well as its ability to make sure that aircraft parts are authentic, will prevent counterfeit parts from being sold on the supply chain and thus make VeriTx's operations much more cost-effective.
By digitizing the supply chain on a decentralized blockchain-based platform, the partnership will also make VeriTx's transactions more transparent, increasing supply chain user's control over their own operations.
By Isaac Goluboff
Tags: Algorand,Blockchain,Decentralized,supply chain
Link: VeriTx To Improve Aerospace Manufacturing Supply Chain With Algorand's Blockchain Platform [Copy]
