How to Achieve Supply Chain Traceability with Blockchain
Why Traceability Matters Picture this: You’re standing in a supermarket aisle, holding a chocolate bar labeled “ethically sourced” and “sustainable.” It sounds great, but how
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Tracking commissions payments for referrals gets more complicated as organizations grow. Add borders and different record-keeping methods and the complexity gets even more extreme.
A Hyperledger Fabric private blockchain gives companies a shared, neutral place to keep records of transactions. This not only offers unparalleled transparency, but also superior auditing features.
Verify that your referral is sent and was paid. Streamline your auditing and administrative processes.
In a Hyplerledger Fabric private blockchain, each node confirms transactions using a consensus algorithm. This type of project gives firms a neutral place to keep a record of the commission that no one member of the network can control or change. All members have to agree on edits to existing entries as well as any new entries.
Using an immutable commission source you can use trusted data in your internal and external business processes.
The biggest benefit of a private blockchain network for tracking commission management is in the ability to quickly audit records in a shared database. This will not only ensure you’re getting paid for leads you forward but will also reduce the overall cost to check siloed records.
Learn more on how a blockchain fits into your business with a product discovery workshop.
Why Traceability Matters Picture this: You’re standing in a supermarket aisle, holding a chocolate bar labeled “ethically sourced” and “sustainable.” It sounds great, but how
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