Which blockchain is best for supply chain?

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Choosing the right blockchain for your supply chain can be overwhelming. Factors like scalability, security, privacy, and cost vary widely between platforms.

Key considerations include:

• Permissioned vs. Public: Public blockchains offer transparency but might not be suitable for sensitive data. Permissioned blockchains provide more control but require careful network management.
• Scalability: Consider the size and complexity of your supply chain. Some blockchains handle high transaction volumes better than others.
• Consensus Mechanism: Different mechanisms (Proof of Work, Proof of Stake, etc.) offer varying levels of security and energy efficiency.

Ultimately, the best blockchain depends on your specific needs. Research platforms like Ethereum, Hyperledger Fabric, and Corda, and consult with blockchain experts to make an informed decision.

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