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Blockchain in procurement

What is blockchain? What is its added value in procurement? Is blockchain right for my organization?

Many present the blockchain technology as an innovation exclusively intended for the use of cryptocurrencies, but blockchain is much more than that.


Blockchain is a big book memorizing the succession of transactions organized in blocks. Copies decentralized of the Blockchain are constantly and automatically synchronized on thousands of computers to preserve their integrity.


Blockchain is therefore a revolutionary technology which comes from decades of economic, technological and philosophical research. It is a book where all transactions are recorded without possible alterations. In this, blockchain in procurement is now likely to be an integral part of B2B transactions at the global level.

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