Supply Chain
Small businesses often rely on distributed supply chain networks where no single entity controls the end-to-end movement of goods across the network. As an example, jewelry stores often need to track the provenance of gemstones to ensure their authenticity and value. Using Amazon Managed Blockchain, such businesses can quickly implement a blockchain across their supply chain network, providing greater transparency, and real-time recording and tracking of goods from one party to another. Each supplier or distributor can be a member of the blockchain network, maintain their own distributed ledger, and independently track all information related to the movement of the goods such as timestamp, port of entry, and volume of goods received. Given that all members maintain an independent copy of the distributed ledger, all parties can trust the true origin and touchpoints of the goods, without relying on a central authority.