Ericsson is using blockchain technology to help manage the complexities of its supply chain. By using blockchain, Ericsson can track the provenance of its products and components, ensuring that they are coming from reputable sources. This will help Ericsson to avoid counterfeit parts and products, and ensure that its products are of the highest quality. In addition, blockchain can help Ericsson to streamline its supply chain by automating many of the processes involved. This will help to improve efficiency and reduce costs.
Other related questions:
Q: Which technologies does blockchain use?
A: Blockchain technology uses a variety of technologies, including cryptography, peer-to-peer networking, and consensus algorithms.
Q: Which blockchain technology is IBM using?
A: IBM is using the Hyperledger Fabric blockchain technology.
Q: What are the 4 different types of blockchain technology?
A: 1. Public blockchains
2. Private blockchains
3. Consortium blockchains
4. Hybrid blockchains
Q: Which blockchain has the best technology?
A: There is no definitive answer to this question as it depends on individual preferences and opinions. Some people may prefer the technology of one blockchain over another, while others may find different features more appealing. Ultimately, it is up to the individual to decide which blockchain has the best technology for their needs.
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