Deep Dive 15 minutes PremiumDeep Dive: Blockchain Mini-Series— Retail Applications Coresight Research August 29, 2017 Executive SummaryThis is the second report of our Blockchain Mini-Series, in which we cover the potential applications of blockchain technology in retail and supply-chain management: Blockchain technology creates a secure ledger that stores transaction records over a decentralized network. This eliminates the need for third-party verification and enables real-time information exchange. The application of blockchain technology can solve some of the following challenges for retailers: the risks associated with operating centralized databases, the risk of third parties’ counterfeiting branded goods, supply-chain opaqueness and incompatible databases across different supply-chain nodes. Since blockchain technology is still in its infancy stage, companies will likely face significant adoption challenges, which is why we believe it will have a mid- to long-term impact on the industry rather than in the immediate future. While mass adoption is still far off, companies would be wise to start preparing for the shift today. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Innovator Intelligence: Achieving Social and Live Commerce Success with Authentic, Interactive and Engaging ContentUS Back to School 2023: Channels and Retailers—Who Is Set To Capture Share?October 2023 US Retail Sales: Health and Personal Care Stores and Nonstore Retailers Continue To Lead Retail Sales GrowthThree Data Points We’re Watching This Week