Abca Finance & Accounting

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Dear Carlos,

You already know the power of blockchain. It creates a single version of truth and cuts out the middlemen. But maybe what you’re less familiar with is all of its potential business applications.

Whether you use it in areas of credential management, finance, or compliance, blockchain can reduce costs and dramatically improve efficiency. Or consider this real-world example: food safety.

Confronted with widespread consumer distrust of the food system in China, a group of industry leaders (a giant e-commerce player, international nutrition brands, and logistics companies) came together. They’re now using blockchain technology to enable enhanced traceability and mitigate counterfeit and fraudulent food products.