While countries including Canada and Australia have already started including blockchain technology with their digital infrastructure, Singapore is also moving ahead as one of Asia’s leading blockchain development countries. As early as 2018, consulting firm PWC released a report indicating that 82 percent of the surveyed executive in Singapore reported blockchain initiatives underway, while 13 percent have already purchased the initiatives live to the market.
Blockchain is a technology that can completely rebuild the supply chain for sustainable practices. Blockchain is a type of distributed ledger that offers a digital database for keeping track of all supply chain transactions. Researchers and developers have shown that blockchain technology offers advantages beyond cryptocurrencies like Bitcoin. It can completely change the functions of financial and government institutions by providing new methods for processing information and organizing procedures.
Several governments,...
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