Consider a company ordering
products from an offshore manufacturer. These products get shipped via a shipping company, come through customs, through another shipping company, and finally to the buyer. Today, the verification and reconciliation of each step mostly happens through emails and spreadsheets, with a lot of people and processes involved. Blockchain eliminates manual processes and reconciliation by irrevocably recording updates to the blockchain ledger when a minimum number of parties say, “Yes, this part of the transaction happened.”
Blockchain cloud services will bring scalability, resiliency, security, and pre-built integrations with enterprise systems, making it much easier for developers to focus on the business use case as opposed to underlying hyperledger fabric implementation.
