Hi everybody, im having a problem understanding why iota vs traditional databases in supply chain transparency?
The main issue that im having problems fully grasping is that if you imagine a factory X in country Y making a product z. The end consumer would like to see where product Z has come from, and whilst i understand how iota would be able to help show this, a normal database would be able to as well?
You could assign the item with a specific tag, and when it reaches certain parts in the supply chain, that item is tagged to record where it has been. Therefore the end consumer could scan the same tag and see where it comes from. If this is the case, then:
a) Why hasnt this been implemented already?
b) Why are companies still having problems with supply chain transparency?
c) what are the other benefits that iota would have over the traditional systems?
The development update released on 14th January 2020 by Jakub Cech, the director of Engineering at the IOTA Foundation, indicates that IOTA (MIOTA) is inching closer to full decentralization. The upda...