One of the biggest projects in the blockchain industry, Hyperledger, is comprised of a set of open source tools and subprojects. It's a global collaboration hosted by The Linux Foundation and includes leaders in different sectors who are aiming to build a robust, business-driven blockchain framework.
There are three main types of blockchain networks: public blockchains, consortiums or federated blockchains, and private blockchains. Hyperledger is a blockchain framework that aims to help companies build private or consortium permissioned blockchain networks where multiple organizations can share the control and permission to operate a node within the network.
Since a blockchain is a transparent, immutable, and secure decentralized system, it is considered a game-changing solution for traditional supply chain industries. It can support an effective supply chain system by:
This article uses the example of a food supply chain to explain how a Hyperledger blockchain can transform a traditional supply chain.
Food industry supply chains
The main reason for classic supply chain inefficiency is lack of transparency, leading to unreliable reporting and competitive disadvantage.
In traditional supply chain models, information about an entity is not fully transparent to others in the chain, which leads to inaccurate reports and a lack of interoperability. Emails and printed documents provide some information, but they can't contain fully detailed visibility data because the products are hard to trace across the entire supply chain. This also makes it nearly impossible for a consumer to know the true value and ..
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