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SAP & Block-chain -Here comes the future! : Part 2
In the first part of the series, I discussed on the similarity between supply chain characteristics and block-chain salient features. Further, we have seen the existing technologies/concepts which enabled block-chain leap from whitepaper to reality.
Let us now consider a very simple supply chain to understand the way block chain transactions are created as the product is moved across the supply chain and business transactions are executed.
A wholesaler sells fruits to a retailer. A transport company picks the fruits from the wholesaler premises and delivers to the retailer. Wholesaler pays to the transport company for the delivery of fruits. The retailer pays to the wholesaler once the stock is delivered.
For the explanation let us consider that the first step in this supply chain is picking the fruits from the wholesaler premises by the transport company for delivery to the retailer.
