Blockchain for Retailers Producing Real Business Benefits

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Blockchain for Retailers Producing Real Business
Benefits
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What are the blockchain use cases?

• The industry has coalesced around four groups of
  use cases.
• Within each group, there are many different use
  cases.
• Our intent is to describe each use and give a
  practical example of how this use case has been
  deployed by a retailer.

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Smart Contracts

• Smart contract code is code that is stored,
  verified and executed on a blockchain.
• Smart legal contracts is the use of the smart
  contract code that can be used as a complement,
  or substitute, for legal contracts.
• Use cases include anything from rental cars or
  apartments, through to complex machine-to-machine
  transactions involving advanced analytics.

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Digital Currency Fraud Reduction

• Blockchain technology started with Bitcoin and
  has spawned many imitations.
• The nature of blockchain technology makes it
  difficult for actors to create fraudulent entries
  on the ledger or alter existing entries.
• Placing the transactions on a blockchain platform
  will reduce the need for validation and improve
  the transparency of exchanges, settling funds
  transfers faster and reducing identity fraud.
• With every transaction verifiable and recorded on
  a ledger, there is a significant reduction in
  fraud.

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Record Keeping

• Transparency 
• It is of increasing importance to consumers.
  Provenance is a platform that helps brands
  provide that transparency by tracing the origins
  and histories of products.
• Blockchain underpins this transparency, allowing
  all partiessupplier, manufacturer, retailer and
  end consumerto trace a products journey.

• Reducing counterfeit goods
• Block Verify is a blockchain-based
  anti-counterfeiting solution for pharmaceuticals,
  luxury items, diamonds, and electronics.
• Goods can be certified with blockchains digital
  ledger record, which mean that stolen merchandise
  can also be more easily recorded.

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Record Keeping

• Warranties
• A growing number of consumer-focused companies
  are already using Warranteer, a service that
  moves product warranties from paper onto the
  cloud via blockchain, keeping them up-to-date and
  easily transferable.
• Consumers are able to maintain a virtual warranty
  wallet, saving retailers and manufacturers
  administrative work.

• Supply chain modernization 
• The company has created a peer-to-peer and
  completely decentralized network that connects
  all parties of the international trading supply
  chain.
• Connecting all members of a supply chain to the
  decentralized blockchain allows for a direct
  exchange of documents between them, solving one
  of the shipping industry's largest problems.

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Securities

• Security issuance can be broken into two
  components debt and equity.
• In terms of debt equity, Overstock is still a
  pioneer in blockchain technology adoption.
• The company started a new subsidiary, the T0
  platform, which issued the first Overstock
  cryptocurrency bond.
• As a result, the SEC granted Overstock approval
  to issue public equities.

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But, Why?

• The use cases outlined have common benefits
  focused on simplifying existing relationships,
  reducing fraud and improving the speed of
  commerce.
• These benefits result in freed up capital and
  improved cash flow, as well as stronger
  relationships with both consumers and suppliers.

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Looking for a Blockchain Application
DeveloperContact Us

• https//www.consagous.com/blockchain-services/
• https//www.consagous.com
• info_at_consagous.com

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